Dubai real estate market starts year with strong records of 12,119 sales deals

2022-03-27 03:43:03

(MENAFN) According to a report collected by property data platform Property Monitor, the Dubai property market registered its sturdiest beginning to a year, with 12,119 sales deals up until now.

The firm stated, this was a 17.7 per cent rise in trading in comparison to 2017, which was the last best beginning to a year.

According to the company, the Dubai Real estate market also posted a record 6,346 deals the previous month, which was 43.5 per cent higher than any other record registered in February. February transactions also surged 9.9 per cent on a monthly basis.

Based on Zhann Jochinke, chief operating officer of Property Monitor statement, “Dubai remains very affordable by international standards with many European markets raising barriers to external investment, coupled with rising interest rates and inflation headwinds dampening the post-Covid recovery.”

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