Luxury properties dominated the real estate sales scene in Dubai during Wednesday and Thursday, with the Palm Jumeirah and the Business Bay area leading the transactions. In the first few hours of Thursday, 8 deals worth a total of 482 million dirhams were recorded, according to Dubai Rest, while on Wednesday, 12 deals worth 575 million dirhams were registered in Orlla project by Omniyat in Palm Jumeirah.
Within less than two days, 20 luxury real estate deals totaling AED 1.057 billion were recorded.
The Jumeirah Palm came first, on Thursday morning, with a total of AED 283 million from selling four properties in the Orla project by Amlak. The average unit price was AED 70 million. Then, the Dubai Commercial Center came second, with a total of AED 199 million.
The villa project had the largest share, with AED 160 million, through four transactions with an average of over AED 40 million.
The total sales transactions increased during the early hours of Thursday to over one billion dirhams resulting from 280 deals.
Luxury properties are classified if their value exceeds 10 million dollars (36.7 million dirhams).
