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- Dubai Real Estate Market: January results
January results – real estate market records
According to the digital platform, Property Finder, Dubai recorded 5,797 property sales transactions worth $4.5 billion in January 2022. This is the best January ever on record. Compared to December 2021, transaction volume increased by 3.5% and value increased by 6.4%. Compared to January 2021, transaction volume increased by 74.6% and value increased by 145.3%. 3,091 transactions worth $3 billion – secondary and ready properties 2,706 transactions worth $1.4 billion – off-plan properties Compared to December 2021:
- Secondary volume increased by 1.7% and value increased by 13.7%
- Off-plan volume increased by 5.58% and value decreased by more than 6%
Compared to January 2021:
- Secondary volume increased by 30.7% and value increased by 106.8%
- Off-plan volume increased by 184% and value increased by 307.9%
Source: Khaleej Times
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