Dubai’s real estate market recorded a sale of a residential apartment worth AED 70 million in Jumeirah Bay today, Monday.
Data from the Land Department showed that the four-bedroom apartment is located within the luxurious “BV Residences” project, and extends over an area of 9,172 square feet, equivalent to AED 7,631 per square foot. The market also witnessed the sale today of a plot of land in the second commercial center area worth AED 440 million, extending over an area of 10,000 square feet, equivalent to AED 44,000 per square foot.
The real estate momentum in Dubai continued at the beginning of the week’s transactions, with 496 transactions worth AED 1.73 billion recorded in less than an hour after the market opened.