Dubai’s residential market has 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, said an expert.
RIYADH: Dubai’s residential market saw year-on-year transactions rise 33.4 percent in September, primarily driven by off-plan and secondary market sales, according to commercial real estate services and investment firm CBRE. In its Dubai Residential Market Snapshot report, the US company noted the total number of transactions in the Dubai residential market in September stood
Total volume of transactions in Dubai’s residential market surged to 5,542 in May, up 33% over last year. The off-plan sales too rose by 55.4% and secondary market sales for the period were up 18%. The total y-t-d deal volumes rose to 30,903 in May.