Dubai: Dubai-based real estate broker Fäm Properties has topped Dh1.3 billion in residential property sales at City Walk, a new development in Jumeirah built and managed by Meraas.

Firas Al Msaddi, the Fäm Properties CEO, said in a statement on Monday that the bulk of sales were to first-time buyers of buildings, while just over Dh325 million worth of sales were in the secondary market.

He added that the volume of sales highlighted the importance of understanding, and capitalising on, the dynamics of supply and demand in the Dubai property market.