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.
The real estate sector in Dubai showed a continuous flow of investments despite the COVID-19 challenges. The real estate and properties transactions reached Dhs5.3 billion in total during the week.
Dubai’s real estate (realty) sector has maintained an increasing pace of performance, reflecting the vitality, flexibility and attractiveness of Dubai’s property market by recording 6,388 sales transactions worth Dhs14.79 in June 2021.
Dubai property sector is on a solid growth track and marching ahead despite the COVID-19 challenges. The City of Wonders has registered 25,455 real estate transactions worth Dhs92 billion from January - April 2021,
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