Ten areas of Dubai have acquired the largest billion dollar deals in the residential real estate market of all types. Together, these areas recorded over 18 billion dirhams, proceeds from the sale of 12,265 apartments and villas. The total amounts invested in these areas accounted for almost 20% of the total transactions witnessed by the Dubai real estate market in the last 9 months, which exceeded 60 billion dirhams, according to the newspaper Al Bayan.
According to the monitoring of the “income statement” and the data of the Department of the Territory, The order of the areas that saw billions of deals in the residential apartment and villa market was as follows (Palm Jumeirah, Burj Khalifa, Dubai Harbor, Business Bay, Dubai Marina, Sobha Hartland, Jumeirah Village Circle, Jumeirah Lakes Towers, Arabian Ranches 3 and Dubai Investments First Park).
Palm Jumeirah surpassed areas that saw billions in business after selling 853 apartments for AED 4.9 billion since the start of questyear until the end of last September, followed byarea of Burj Khalifa and saw the sale of 1,521 apartments for 4.3 billion dirhams, then thearea of the port of Dubai and sold 1182 apartments in 4 billion dirhams, followed byarea of Business Bay, which sold 2,052 apartments worth 3.2 billion dirhams, followed byarea of Dubai Marina, which sold 1,390 apartments worth 2 billion dirhams.
It came after Dubai Marina, Sobha Hartland, which sold 965 housing units worth 1.1 billion dirhams, then Jumeirah Village Circle, with the sale of 1873 housing units, worth 1.1 billion dirhams, and Arabian Ranches 3, with the sale of 592 residential villas, worth 1.1 billion dirhams, followed byarea Dubai Complex. The first investment sold 369 residential villas worth AED 1.1 billion and Jumeirah Lakes Towers, selling 1,459 housing units worth a total of AED 1.1 billion.
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