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Dubai Real Estate Booms: $3B Transactions and Palm Jumeirah's $566M Mortgage

The real estate landscape in Dubai witnessed a substantial surge in transactions, totaling $3 billion, during the current week, with a notable highlight being a mortgage of $566 million secured on Palm Jumeirah.

dubai real estate news
Palm Jumeirah

As reported by the Dubai Land Department, the real estate sector in Dubai experienced a robust market activity, showcasing transactions amounting to AED 11 billion ($3 billion). Notably, 357 plots changed hands, generating AED 2.18 billion ($594 million), while 2,113 apartments and villas were successfully transacted, contributing AED 4.86 billion ($1.324 billion) to the overall real estate market during the week ending December 8.

This week's real estate dynamics further highlighted the buoyancy in the market, with Al Wasl witnessing elevated sales prices and a significant mortgage deal on Palm Jumeirah, underscoring the diverse and dynamic nature of property transactions in Dubai.

Dubai Real Estate News

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