DUBAI: At the close of trading on Thursday, the Dubai real estate market saw a major resale transaction for a residential plot of land in Barsha Heights for Dhs600 million.
According to Dubai REST app, the resold plot spans 74,350 square feet at an average price of Dhs8,070 per square foot.
On Thursday, the emirate’s transactions recorded Dhs3.15 billion across 722 deals.
Sales amounted to Dhs2.04 billion across 495 transactions, the most prominent of which were: Barsha Heights (Dhs600 million), Al Yafra 1 (Dhs141 million) and Dubai Islands (Dhs135 million).
Mortgage transactions exceeded 785 million across 201 deals, with the most significant recorded in Emirates Hills (Dhs163 million), Jebel Ali Industrial 1 (Dhs70 million) and Palm Jumeirah (Dhs60 million).
Gift transactions reached Dhs316 million across 26 deals, the largest of which were in Palm Jebel Ali (Dhs136.5 million), Al Muraqqabat (Dhs80.5 million) and Mohammed Bin Rashid Al Maktoum City District One (Dhs28 million).