May 2022 Dubai real estate sales volume and value second highest on record says Allsopp & Allsopp ...United Arab Emirates

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May 2022 Dubai real estate sales volume and value second highest on record says Allsopp & Allsopp
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 33
Data on Dubai Land Department’s website shows there were 6,651 real estate sales transactions worth $4.98bn in May 2022 according to Allsopp & Allsopp. The firm notes those figures are the highest on record for May in the last 13 years in terms of both sales volume and value. The figures represent a 51.5% increase year-on-year for sales volume and a 65.4% increase for sales value when compared to May 2021, the firm pointed out. “The Dubai real estate market continues to consistently show steady growth month-on-month when compared to last year. Also, just like last month, we saw a repeat in trend with May being the second highest on record for sales volume and value, with May 2009 being the h

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