A new era of strong and sustainable growth for Dubai real estate

A new era of strong and sustainable growth for Dubai real estate

Dubai:W Capital, the Dubai-based real estate brokerage confirmed that the real estate market in Dubai started a new era of strong and sustainable growth, which is the best in history, with record levels of real estate sales in terms of volume and value.

“The real estate market in Dubai continues to achieve outstanding historical performance and sustainable growth, with record numbers month after month in line with expanding investors’ choices and options to invest in the real estate market,” said Walid Al Zarooni, CEO.

“That coincides with increasing transparency all over this vital sector in a way that contributes to strengthening the emirate's global position as one of the most important destinations for real estate investment,” he added.

Al Zarooni pointed out that the market sales exceeded Dhs217bn in the first 7 months of the year, which is the largest historical value for this period. Sales grow every month to new records, which reflects that the market still provides attractive opportunities for investment, as well as a favorable environment to live and work together.

Al Zarooni stressed that the real estate sector in Dubai generally shows signs of sustainable growth, as it succeeded in proving flexibility, attractiveness, and ability to deepen investor’s confidence, at