The luxury real estate market in Dubai continues to show strong performance, with today witnessing two notable transactions involving under-construction villas valued at a total of 300 million dirhams.
According to data from the Dubai Land Department, the first villa is situated in the Jumeirah Second area within the “Rosewood Residences Dubai” project. It was sold for 185 million dirhams and spans an area of 12,891 square feet, translating to a price of 14,351 dirhams per square foot, marking the third-highest price per square foot recorded in the emirate’s history.
The second villa is located in Palm Jumeirah as part of the “Eumi” project and was sold for 115 million dirhams. It covers an area of 18,306 square feet, equating to a price of 6,282 dirhams per square foot.
Overall, real estate sales at the beginning of today, Thursday, reached 1.6 billion dirhams across 550 transactions.