Dubai property sales spike on strong demand,visa policies

Dubai property sales spike on strong demand,visa policies

First-half records nearly 43,000 transactions exceeding Dh114.5 billion

Published: Sun 3 Jul 2022, 3:48 PM Last updated: Sun 3 Jul 2022, 3:51 PM

Dubai’s real estate sector is turning more vibrant and transparent as investor-friendly policies tend to attract local and global property buyers and proof of the same was the recently concluded June 2022 sales which is considered the best since 2009.

Dubai-based W Capital Real Estate Brokerage — established in 2007 — has assessed the strong momentum and exceptional performance of the real estate market in the Emirate, as the sector concluded the first half of this year on the upward track, to be the strongest first-half performance ever, with nearly 43,000 sales transactions, the total value of which exceeded Dh114.5 billion.

Walid Al Zarooni, chairman of W Capital. — Supplied photo

“The real estate sector continued to break records in terms of sales and transactions, with the first half recording the best performance ever, as sales topped Dh114.51 billion,” said Walid Al Zarooni, chairman of W Capital, a certified real estate expert from the Dubai Real Estate Regulatory Agency (Rera) and author of ‘Secrets of the Smart Real Estate Investor’.

Al Zarooni added that the real estate market in Dubai during the month