UAE’s real-estate sales hike 80pct last month
(MENAFN) Real-estate sales transactions in Dubai increased 80.4 percent yearly in the past month, sustained by market demand in the subsidiary property business as the Emirates business recorded a robust revival from the Coronavirus pandemic.
The listings platform of Property Finder included, the UAE recorded 7,000 sales contracts valued at USD4.89 billion in November, marking it to be the number one November to record great sales in eight years.
The document included, the transactions of sales last month recorded a 45 percent high when put against the same month in 2019, prior to the spread of Coronavirus.
Lynnette Sacchetto, director of research and data at Property Finder, stated that “the data clearly shows that investors and consumers are confident in Dubai’s future, which is reinforced by proactive government initiatives, attractive real estate projects and the vision of the city.”
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