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.