Two plots of land mortgaged for Dhs11.1 billion, highest in Dubai's history
Dubai's real estate market witnessed a landmark transaction at the beginning of trading on Wednesday, marked by the mortgage of two land plots valued at Dhs11.1 billion ($3 billion). As reported through the Dubai REST (Real Estate Self Transaction) app, these plots are situated in the Dubai Waterfront area, spanning a combined total of 24.3 million square feet. The average price per square foot stands at Dhs 456.6.
Dubai's real estate market witnessed a landmark transaction at the beginning of trading on Wednesday, marked by the mortgage of two land plots valued at Dhs11.1 billion ($3 billion). As reported through the Dubai REST (Real Estate Self Transaction) app, these plots are situated in the Dubai Waterfront area, spanning a combined total of 24.3 million square feet. The average price per square foot stands at Dhs 456.6.
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