Dubai real estate dealings increase 80.4 percent in November...| MENAFN.COM

Monday, 24 January 2022 05:47 GMT

Dubai real estate dealings increase 80.4 percent in November


(MENAFN) Real estate sales dealings in Dubai increased to 80.4 per cent on a yearly basis in November, maintained by need in the secondary property market as the Emirates economy recorded a sturdy rebound from the coronavirus pandemic.

Based on listings portal Property Finder, the UAE registered 7,000 sales agreements that value Dh17.96 billion (about USD4.89 billion) the previous month, making it the best November regarding entire sales in eight years.

The report stated that sales dealings in November were also 45 per cent more than the month of November 2019, before the start of the coronavirus pandemic.

According to the director of research and data at Property Finder, Lynnette Sacchetto, “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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