Dubai’s real estate market recorded, at the beginning of the week’s trading, the sale of a plot of land in the Airport City area for a value of 1.22 billion dirhams, according to data from Dubai Rest.
The data indicated that the total area of the land amounts to about 13.6 million square feet, with an average price of 90 dirhams per square foot. The total value of sector sales in the emirate on Monday exceeded the 4 billion dirham barrier, resulting from 997 transactions. As for mortgages, they amounted to 404 million dirhams resulting from 216 procedures, while grants achieved 62 million dirhams through 33 transactions.