Buyer spends AED 93 million in Dubai property deal

NULL

One of Dubai’s most affluent communities has registered a deal worth AED 93 million. A buyer paid nearly AED 2,300 per square foot in Emirates Hills, despite a report showing Dubai’s real estate market is slowing down. Real estate investment and advisory firm JLL MENA say residential prices have dropped by 11% over the last year, and rental prices are also decreasing. The downtrend is expected to continue for the rest of the year.

More from UAE News

  • UAE and Samsung launch AI youth programme

    The UAE’s Artificial Intelligence Office and Samsung Gulf Electronics have launched the third edition of the Samsung Innovation Campus as part of the UAE Artificial Intelligence Camp 2025.

  • UAE rescue team battles Albania wildfires

    The UAE rescue team is continuing its efforts to extinguish wildfires in several areas of the Republic of Albania, in coordination with the relevant authorities.

  • UAE leaders congratulate Indonesia

    President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Prabowo Subianto of Indonesia on the occasion of his country's Independence Day.

  • UAE welcomes Trump’s Alaska summit

    The United Arab Emirates welcomed the summit held in Alaska between Donald Trump, President of the United States of America, and Vladimir Putin, President of Russian, expressing appreciation for President Trump’s efforts to promote dialogue and advance peaceful solutions.