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- The Dubai real estate sector recorded a $1+ billion transactions
According to the Dubai's Land Department data
Transactions on July 4:
- 458 – Sales ($547 million)
- 98 – Mortgage ($351 million)
- 65 – Gift ($232 million)
On July 5:
- 613 – Sales ($496 million)
- 103 – Mortgage ($266 million)
- 26 – Gift ($249 million)
Dubai recorded the world’s highest number of luxury property deals in Q1 2023
According to Knight Frank data
TOP 3 cities by the number of $10-million-plus property deals:
- Dubai – 92
- Hong Kong – 67
- New York – 58
An asset management company, Shuaa Capital, has sold a plot worth $51.7 million in Dubai to Danube Properties
– Business Bay
The developer plans to develop a residential tower there. Danube has recently announced the start of pre-registration in the branded residence, Fashionz
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