February results – real estate market records

February results – real estate market records

  • AX News
  • Dubai real estate market: results of February

February results – real estate market records

According to the report of the Egyptian financial company, EFG Hermes (with reference to data from the REIDIN information service):

  • In February 2022, 6,913 property sales transactions worth $4.2 billion were completed in Dubai.

The number of transactions is 34% higher than in February 2021. 4,514 transactions worth $3.1 billion – secondary and ready properties 2,399 transactions worth $1.1 billion – off-plan properties Compared to February 2021:

  • The value of transactions in the secondary market increased by 107%
  • The value of transactions in the primary market increased by 200%

Leading areas for off-plan sales:

  • Business Bay
  • Downtown Dubai
  • Dubai Marina
  • MBR

Of the total value of property sales transactions: 36% – villas 31% – apartments 29% – land plots Home sales of total residential transactions: 48% – affordable 31% – budget 21% – elite Source: The National News

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