Dubai real estate transactions hit 13-year high in April 2022 as Expo 2020, new visa rules attract investors – Arabian Business

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UAE
  • Date: 17-May-2022
  • Source: Arabian Business
  • Sector: Real Estate
  • Country: UAE
  • Who else needs to know?

Dubai real estate transactions hit 13-year high in April 2022 as Expo 2020, new visa rules attract investors – Arabian Business

Following the conclusion of Expo 2020, Dubai witnessed 6,983 real estate sales transactions worth $4.9 billion (AED 18.2 billion) in April 2022, recording the highest ever for the month since 2009.

Secondary market sales transactions, comprising 60 percent of the total, constituted 4,212 transactions worth AED 12.86 billion, while off-plan properties, comprising the remaining 40 percent, constituted 2,771 properties worth a total of AED 5.33 billion.

Commenting on the market, the UAE Country Manager at Property Finder, Scott Bond, said: “All eyes were on the real estate performance post Expo 2020, and with April 2022 performing the highest since 2009, the data is a strong testament to the growing appeal for the Dubai Real Estate Market.

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