Abu Dhabi, Dubai, Sharjah and Ajman record Dh68.6bn of property deals in Q1 amid bounce back

  • Date: 31-May-2021
  • Source: The National
  • Sector:Real Estate
  • Country:UAE
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Abu Dhabi, Dubai, Sharjah and Ajman record Dh68.6bn of property deals in Q1 amid bounce back

Four out of seven emirates in the UAE recorded Dh68.6 billion ($18.52bn) of real estate transactions in the first quarter of this year, a sign the property market in the Arab world's second-largest economy is bouncing back from a pandemic driven- slowdown.

Property deals in Abu Dhabi, Dubai, Sharjah and Ajman reflect growing demand, with Abu Dhabi and Dubai recording 86 per cent (Dh59.2bn) of deals in the first three months of 2021, state news agency Wam said, citing data from concerned departments.