Dubai’s residential transactions reach record high ...United Arab Emirates

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Dubai’s residential transactions reach record high
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 31
According to global property expert CBRE, Dubai’s residential market reached record activity levels in November, with its total transaction volumes hitting 10,505 – up 60% over last year – mainly backed by a sharp rise in the off-plan and secondary market transactions. In the year to date to November 2022, a total of 81,919 residential transactions have been recorded, overtaking even the record highs registered in 2009 over the same period, stated CBRE in its Dubai Residential Market Snapshot – December 2022. In the 12 months to November 2022, average prices increased by 9.5%. Over this period, average apartment and villa prices increased by 9.0% and 12.7%, respectively, it added. According

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