Dubai’s real estate market opened the week with a remarkable transaction, as a luxury residential apartment was sold for AED 101.2 million, signaling continued strong demand for high-end real estate assets in the emirate.

Data from the Dubai Land Department showed that the apartment is located in the Dubai Water Canal area, within the «Casa IHS» project. The unit extends over an area of 1,970 square meters, which is equivalent to around AED 51,370 per square meter.

Real estate transactions in Dubai reached about AED 1.3 billion at the beginning of Monday’s trading, resulting from 460 deals. This reflects the continued strong activity in the market as the week began.