On Wednesday, the real estate market in Dubai recorded two significant transactions totaling 2.3 billion dirhams involving the Fairmont Palm Hotel and Resort.
According to the Dubai Land Department, both transactions took place in the Palm Jumeirah area, with each valued at 1.2 billion dirhams.
Additionally, a plot of land in the Saih Shuaib 1 area was sold for 1.2 billion dirhams, along with another commercial land transaction in the Al Warsan Fourth area worth 584 million dirhams.
The total real estate transactions on Wednesday reached 6.2 billion dirhams, stemming from 582 million dirhams.