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Dubai’s real estate market saw the sale of two plots of land for a total of Dhs580 million at the start of trading on Monday.
According to Dubai REST app, the first plot, located in Al Mamzar and spanning 82,080 square feet, was sold for Dhs300 million, at an average price of Dhs3,655 per square foot.
The second plot, located in Jumeirah Bay and spanning approximately 24,000 square feet, was sold for Dhs280 million at an average price of Dhs11,667 per square foot.
Sales at the beginning of the week totaled Dhs1.7 billion, resulting from 505 transactions, while mortgages totaled Dhs279 million across 122 transactions and gifts Dhs160.5 million across 15 transactions.
