November 23, 2024

Dubai real estate sales tops Dh50 billion for the first time

Dubai’s residential real estate market has set new records, with total sales surpassing Dh50 billion for the first time, data revealed on Thursday. Engel & Völkers Middle East’s latest report shows sales transactions reached 19,605, marking an 80% year-on-year growth. This surge was led by the off-plan segment, which jumped 117% year-on-year, while secondary market sales rose by 33% amid...

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