In 5 Minutes, the first “Coded” Villa in Dubai was Sold for AED 1.75 Million.

Dubai’s real estate market witnessed the sale of the first residential villa through the Dubai Land Department’s “Pribco Mint” platform within five minutes for AED 1.75 million, a price 3.85% below the market value of AED 1.82 million.

169 investors from 40 nationalities participated in the purchase, with an average purchase price of AED 10,355, resulting in an 11.5% return on investment (ROI). The real estate market has recently witnessed the launch of several investment opportunities, including residential apartments under the Real Estate Coding Program, with investments starting from a minimum of AED 2,000. All of these apartments were sold in record time. This sale marks the first villa under this program, located within the “Rukan Villas” project in Dubailand.

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