Residential Real Estate Will Remain Strong, Dubai Posts Record Third Quarter for Home Sales

Dubai Posts Record Third Quarter for Home Sales
Dubai may well and truly be back. According to real estate portal Property Finder, the emirate recorded AED 42.4 billion (US$11.5 billion) in sales in the third quarter—making it the best Q3 in Dubai's history in terms of sales transaction value.

The 15,926 deals that led to the record-setting sale value also marks Dubai's best third quarter since 2009. Ready properties accounted for 56.6% of sales turning the timeframe, while off-plan (i.e. yet-to-be-built) homes made up 43.4% of the transactions, with each property type registering AED 28.85 billion and AED 13.5 billion in sales, respectively.


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https://www.mansionglobal.com/articles/mansion-global-daily-residential-real-estate-will-remain-strong-dubai-posts-record-third-quarter-for-home-sales-and-more-150798