Dubai real estate sales are constantly breaking records. Imexre.com wrote that in October 2019,
And now, the new data from Property Finder report shows that overall real estate sales registered by the Dubai Land Department (DLD) rose by 20% year-on-year, reaching a new 11-year high. In total, 41 988 real estate transactions have been concluded in Dubai in 2019.
The total value of the
Explaining the uptick in sales number, experts point out to the new accounting policies from private banking, changes in laws general global economic situation in the UAE. A lot more UHNWIs [ultra high net worth individuals] also are finding Dubai to be a safe haven for investing their properties.
The top five areas with the highest overall property sales transactions in 2019 were
Luxury residential property buyers most often pointed to the Springs and Bur Dubai as their priority destinations for real estate investments, while potential commercial units buyers most often chose Deira and Downtown Dubai.
There were also over 45,000 units completed in 2019, according to Property Finder – the highest number of units finished in one year since 2014. Dubai also registered 18,345 transactions in the secondary market last year.
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