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Dubai sets new record for volume of real estate transactions

Tuesday, 24 December 2019 13:43

iStock

Dubai has set a new record for the volume of real estate transactions over a 12-month period.

According to data from Property Finder, a total of 44,590 transactions were recorded in the emirate between November 2018 and November 2019.

It's the highest ever since sales transaction data was made publicly available.

The report also indicates that overall volumes in 2019 could reach a 10-year high once the figures for December are out.

As many as 36,799 residential units have been sold in Dubai from January until November 30 this year.

The positive trend is further evidence of improving momentum in the emirate's real estate market ahead of Expo 2020.

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