The real estate recorded a $1+ billion transactions

The real estate recorded a $1+ billion transactions

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  • The Dubai real estate sector recorded a $1+ billion transactions

According to the Dubai's Land Department data

Transactions on July 4:

  • 458 – Sales ($547 million)
  • 98 – Mortgage ($351 million)
  • 65 – Gift ($232 million)

On July 5:

  • 613 – Sales ($496 million)
  • 103 – Mortgage ($266 million)
  • 26 – Gift ($249 million)

Dubai recorded the world’s highest number of luxury property deals in Q1 2023

According to Knight Frank data

TOP 3 cities by the number of $10-million-plus property deals:

  1. Dubai – 92
  2. Hong Kong – 67
  3. New York – 58

An asset management company, Shuaa Capital, has sold a plot worth $51.7 million in Dubai to Danube Properties

– Business Bay

The developer plans to develop a residential tower there. Danube has recently announced the start of pre-registration in the branded residence, Fashionz

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