A spectacular turnaround in Dubai’s property market last year saw the Middle East’s financial hub break a decade-long record for total home sales and lifted rents to unprecedented levels.
The city registered 90,881 residential transactions in 2022, according to real estate adviser CBRE Group Inc. — beating the previous record of 81,182 deals in 2009. Ejari contracts, or home rental agreements, increased 11% in 2022 compared with a year earlier, reflecting a growth in the city’s residents.
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https://www.bloomberg.com/news/articles/2023-01-10/dubai-s-stunning-property-rebound-lifts-sales-rents-to-record#xj4y7vzkg