Dubai records second Dh100m property sale this year

SourceThe National
SectorReal Estate

The pandemic may have hampered spending in some sectors, but for the Dubai property market the big deals are still rolling in.

Coming amid the highest recorded number of home sales transactions in Dubai since 2010, a second sale this year exceeding Dh100 million has just been recorded in the emirate.

The property is located in one of the city’s most exclusive communities, the Carat XII development on Palm Jumeirah. The new owners are European and wish to remain anonymous.

“We are seeing ever increasing levels of transactional activity in the super prime marketplace,” said Andrew Cummings, co-founder and managing director of which more...