Mo’asher data for August showcases a positive sentiment in the real estate sector.
Inayat-ur-Rahman, Business EditorDubai’s real estate sector maintains a sustainable growth in terms of sales value and volume in August 2022. According to Mo’asher, Dubai’s official Sales Price and Rental Performance Index launched by Dubai Land Department (DLD) in cooperation with Property Finder, Dubai’s real estate market records a total of 9,720 sales transactions worth Dhs24 billion registered in August 2022. The data marks the highest performance in the last decade and demonstrates a significant increase in the overall performance of the sales transaction volume by 69.57 percent and 63.58 per cent in terms of value year on year, which recorded the highest performance for a month ever recorded in the last 10 years.
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