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Brief news: Dubai Real Estate Transactions Reached US $ 4.07 Billion in August

Brief news: Dubai Real Estate Transactions Reached US $ 4.07 Billion in August

This is the best monthly indicator since January 2017.

Dubai real estate market registered 5,780 real estate sales transactions totaling $ 4.07 billion in a month.

Thus, since the beginning of 2021, there have been totally 37,537 transactions in the emirate with a total amount of $ 23.9 billion, according to the Property Finder portal.

In terms of transaction volume, we can see an increase of 22.61% from $ 19.5 billion in 2020.

55% of the transactions made to date were concluded in secondary real estate market. Naturally, 45% fell on the off-plan real estate market (note:objects under design, construction or new construction).

Linnett Sacchetto, Director of Research and Data at Property Finder, says: “These numbers are a strong testament to the strength of Dubai market, especially residential real estate market. Consumer and investor interests are growing, indicating people's confidence in the market, including those making FDI in Dubai. ”

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