Dubai’s real estate sales transactions exceed AED13bn in October

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UAE
  • Date: 25-Nov-2021
  • Source: Mubasher
  • Sector: Real Estate
  • Country: UAE
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Dubai’s real estate sales transactions exceed AED13bn in October

Dubai has recorded 5,352 real estate sales transactions valued at AED 13.12 billion in October 2021, marking the highest October on record for eight years, the Dubai media office reported. These figures were published in the 20th edition of Mo’asher, Dubai’s official sales price index launched by the Dubai Land Department (DLD) in partnership with Property Finder. Secondary and ready properties accounted for 60% of October’s sales transactions, with 3,219 transacted properties worth AED 8.72 billion. Meanwhile, off-plan properties represented 40%, with 2,133 transactions worth AED 4.4 billion. During the first ten months of 2021, the emirates witnessed 48,651 sales transactions worth AED 177.44 billion, up 63.4% in terms of value compared to 2020.

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