Metropolitan Group sales increase 400 percent in 2021 – ArabianBusiness.com
- Date: 09-Feb-2022
- Source: Arabian Business
- Sector:Real Estate
- Country:Middle East
Metropolitan Group sales increase 400 percent in 2021 – ArabianBusiness.com
The Metropolitan Group’s flagship real estate companies, Dubai-based Metropolitan Premium Properties (MPP) and Abu Dhabi-based Metropolitan Capital Real Estate (MCRE), have registered a 400 percent increase in full-year property deals compared to the same period in 2020.
The company also saw its average transactions value more than double from $500,000 to over $1.1mn last year with off-plan sales increasing five times while sales of secondary units showed a three-fold growth compared to 2020.
This strong performance is in line with Dubai’s real estate market which recorded as many as 84,772 transactions valued at AED300bn in 2021 according to data from the Dubai Land Department.
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