Data of the Department of Lands and Properties in Dubai revealed that the number of residential properties that were sold during the period from January 1 to yesterday amounted to 39,765 properties, with a total value of 80.6 billion dirhams.
According to a monitoring conducted by "Emirates Today", "Dubai Marina", "Burj Khalifa" and "Sheikh Mohammed Bin Rashid Gardens", led the highest areas in residential real estate sales in Dubai during that period, as "Dubai Marina" came first with the sale of 3334 properties With a value of eight billion dirhams, while the Burj Khalifa region came second with 2334 properties selling for 7.8 billion dirhams, while the Sheikh Mohammed Bin Rashid Gardens area ranked third with sales of 2408 properties valued at 4.8 billion dirhams.
This is due to a recent report by the "Propertyfinder" group, the positive movement of the real estate market in Dubai since the beginning of this year, to two reasons, the first near the organization of the exhibition "Expo 2020 Dubai", which created great momentum in the market, while the second reason represented the positive impact that He left it the decision to form the Supreme Committee for Real Estate Planning, which aims to develop a long plan to chart the future of the sector, depending on the market situation.
The report pointed out that during the past 12 months, real estate transactions in Dubai recorded the largest number of real estate deals, with 44.59 thousand real estate deals registered from November 2018 to November 2019, the largest number of transactions recorded in 12 months.
The report pointed out that at the monthly level, last November saw the highest level in 11 years with a total of 5037 deals, thus exceeding the total number of sales deals during October 2019, which recorded 4774 deals, and September which saw 4007 deals, pointing out that this is an indication that the real estate market in Dubai is preparing for the anticipated momentum ahead of Expo 2020.