UAE - Mubasher: The Dubai real estate market has recorded 5,780 sales transactions worth AED 14.97 billion in August, marking the highest value of sales transactions in a month since January 2017.
Dubai has witnessed 37,537 sales transactions worth AED 88.12 billion during the first eight months of 2021, up 22.61% in terms of the value transactions from AED 71.87 billion during 2020 as a whole, according to a press release on Tuesday.
A total of 55% of sales transactions were in the secondary and ready market, and 45% were off-plan.
The Director of Research & Data, Lynnette Sacchetto, said: "These figures are a true testament to the strength of Dubai, particularly the residential market. Consumer and investor sentiments are up, which shows the confidence of people, including foreign direct investment into Dubai."
