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The authority has recovered over ₹125 crore in the final 14 months and appointed a retired additional collector for compensation recovery. Dubai’s annual real estate transactions crossed the milestone of half a trillion dirhams for the first time in 2022. Maintaining its exponential development trajectory, the sector witnessed transactions worth a record Dh528 billion in 2022, a seventy six.5 per cent improve from 2021. Super Luxury Home Sales Spike 11 Percent Worldwide in Q4 Based on new data from international property consultant Knight Frank, world super-prime ($10m+) residential gross sales rose 11% in Q on a year-on-year basis.