Choose language

The most expensive villa in Palm Jumeirah has been sold

The most expensive villa in Palm Jumeirah has been sold

Dubai Land Department has published regular reports on the number and volume of transactions. According to this document, in the first full week of September 2021 (from 2 to 9), more than 1,900 real estate transactions in the emirate were carried out, totaling more than 7 billion dirhams. Translated into international currency, the result is an amount equal to US $ 2 billion.

The most expensive property in the category of villas and townhouses is a cottage on the iconic tourist island Palm Jumeirah. This island is artificial, that is, created by human hands. The place attracts tourists and investors from all over the world, and there are exceptionally luxurious residential properties and hotel complexeson the territory of the “palm”.

The price for this luxury residential property was sold by was 37 million dirhams - or 10 million dollars.

Despite this indicator, the first days of September showed a slight decline in comparison with the previous monthin general. Let us recall that August was a record in the number of real estate sales over almost past 8 years.

Read also