Record sales of Dubai real estate in 7 months
Dubai real estate recorded record sales that exceeded 135 billion dirhams in 7 months, which is the highest ever on an annual basis.
These sales figures came according to official data issued by the Dubai Land Department, distributed over about 50,000 deals.
In addition, Dubai real estate sales recorded in the past seven months the second highest number of sales deals since 2009, a representative period in which sales recorded a record number of 60,000 deals.
This is the second time that the value of properties sold in Dubai for the period from January 1 to July 31 on an annual basis exceeds 100 billion dirhams, and the last time this figure exceeded was in 2009 when real estate sales recorded a value of about 103 billion dirhams.
July
The month of July witnessed record sales of Dubai real estate also with a value of 21 billion dirhams, the highest ever for the month of July, distributed among about 7126 deals.
July sales are the third highest this year after sales value of 22.63 and 22.45 billion dirhams in June and March, respectively.
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