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Dubai sets new record for property sales



В Дубае установлен новый рекорд по объему проданной недвижимости

Dubai sets new record for property sales

Dubai recorded the highest annual volume of transactions in the history of Dubai real estate market. In the year to November 2019, 44,590 housing transactions were concluded. The Dubai real estate market is on a big upswing ahead of EXPO 2020. In November, sales of apartments in Dubai reached an 11-year high - 5,037 transactions. For comparison, 4,774 transactions were recorded in October, and 4,007 in September.

In addition, November was the best month in 2019 in terms of the cost of housing transactions. Within a month apartments were sold in Duba for a total of $2.52 billion. The second best month in 2019 was February with 2.37 billion. In general, over 11 months, the amount of recorded sales transactions in Dubai amounted to 20.86 billion.

Improved sentiment in Dubai real estate market led to a surge in transactions. Especially after the formation of the Emirati Higher Property Planning Committee, which was set up to develop a long-term development plan for the sector. The growing dynamics of sales of apartments in Dubai is an indicator of the growing consumer confidence in the market. The second best month in 2019 was February with 2.37 billion. In general, over 11 months, the amount of recorded sales transactions in Dubai amounted to 20.86 billion.

Improved sentiment in Dubai real estate market led to a surge in transactions. Especially after the formation of the Emirati Higher Property Planning Committee, which was set up to develop a long-term development plan for the sector. The growing dynamics of sales of apartments in Dubai is an indicator of the growing consumer confidence in the market. The second best month in 2019 was February with 2.37 billion. In general, over 11 months, the amount of recorded sales transactions in Dubai amounted to 20.86 billion.

Improved sentiment in Dubai real estate market led to a surge in transactions. Especially after the formation of the Emirati Higher Property Planning Committee, which was set up to develop a long-term development plan for the sector. The growing dynamics of sales of apartments in Dubai is an indicator of the growing consumer confidence in the market. Especially after the formation of the Emirati Higher Property Planning Committee, which was set up to develop a long-term development plan for the sector. The growing dynamics of sales of apartments in Dubai is an indicator of the growing consumer confidence in the market. Especially after the formation of the Emirati Higher Property Planning Committee, which was set up to develop a long-term development plan for the sector. The growing dynamics of sales of apartments in Dubai is an indicator of the growing consumer confidence in the market.
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