Dubai has set a new record for the highest volume of real estate transactions in a single day.
According to data from the portal Property Finder, 515 transactions worth over AED 888 million were registered on Sunday, November 24.
It’s the highest since 2008 when data became publicly available.
The most expensive home registered on November 24 was a 5-bedroom penthouse in JBR, worth AED 33 million.
Off-plan units dominated sales transactions on that day, accounting for 387 out of the 515 deals.
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Masdar expands clean energy partnership in Azerbaijan
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Etihad Airways and Etihad Rail, the developer and operator of the UAE’s National Rail Network, have signed a Memorandum of Understanding to explore opportunities to create an air-to-rail travel experience across the UAE.
Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE has allocated $8 million to support Chad in addressing the humanitarian impact of the El Nino climate phenomenon.
