Monitoring conducted by the Dubai-based real estate brokerage company, W Capital, showed that the real estate sector in Dubai has exceeded the 200 billion dirhams barrier in terms of sales since the beginning of this year until now, distributed over more than 74,000 transactions, making it also the largest value of In terms of size at all, according to the latest data issued by the Land Department in the emirate.
UAE According to the monitoring, this is the first time that the value of real estate sales in Dubai has ever exceeded 200 billion dirhams, during a period of more than nine months, as it was the largest value achieved last year, with 150 billion dirhams recorded for the whole year.
According to Walid Al Zarooni, chairman of the board of directors of "W Capital," the real estate market in Dubai keeps setting records month after month, recording a new level in terms of values and volumes, showing that it is moving steadily in the direction of ending the year 2022 with the highest annual sales value in the emirate's history. Al-Zarouni added that real estate transactions have increased to at least one billion dirhams per day, which is a clear indication of the continuation of the momentum and exceptional performance that started late last year, and this is evidence of the real estate sector as whole showing signs of positive and sustainable growth this year.
Al Zarooni added: "This reflects the market's maturity on the one hand, and its ability to continue to attract high net worth investors from all over the world on the other hand, while many other global markets are facing a state of uncertainty."
UAE According to the monitoring, this is the first time that the value of real estate sales in Dubai has ever exceeded 200 billion dirhams, during a period of more than nine months, as it was the largest value achieved last year, with 150 billion dirhams recorded for the whole year.
According to Walid Al Zarooni, chairman of the board of directors of "W Capital," the real estate market in Dubai keeps setting records month after month, recording a new level in terms of values and volumes, showing that it is moving steadily in the direction of ending the year 2022 with the highest annual sales value in the emirate's history. Al-Zarouni added that real estate transactions have increased to at least one billion dirhams per day, which is a clear indication of the continuation of the momentum and exceptional performance that started late last year, and this is evidence of the real estate sector as whole showing signs of positive and sustainable growth this year.
Al Zarooni added: "This reflects the market's maturity on the one hand, and its ability to continue to attract high net worth investors from all over the world on the other hand, while many other global markets are facing a state of uncertainty."
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