During Friday’s mid-day trading, Dubai real estate market recorded two mortgage transactions for luxury villas on Palm Jumeirah for Dhs97.5 million.
According to Dubai REST app, the mortgaged villas are located in the Emerald Palace Kempinski development. Each villa features four bedrooms with a combined total area of 14,275 square feet, averaging Dhs13,700 per square foot.
By mid-day, real estate sales reached Dhs848 million across 280 transactions, while mortgage transactions totaled Dhs747 million across 115 deals and gifts amounted to Dhs144 million across 45 deals.