Dubai’s real estate market has recently witnessed a record-setting transaction involving the sale of a luxury apartment under construction for an impressive 210 million dirhams.
According to the data from Dubai’s Land Department, this extravagant apartment is situated in the Jumeirah Second area within the “Peninsula Dubai Residences – Tower 2” development. It boasts five bedrooms and a spacious living area, covering a total area of 21,812 square feet, which translates to approximately 9,628 dirhams per square foot.
On Thursday morning, property sales reached 2.7 billion dirhams, generated from a total of 713 transactions.