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- Dubai Real Estate Market: results of May
May results – real estate market records
According to the report of the Dubai Land Department: In May 2022, 6,635 property sales transactions worth $4.9 billion were completed in Dubai. This is the highest figures for the month of May since 2009. 3,883 transactions worth $3.2 billion – secondary and ready properties 2,752 transactions worth $1.7 billion – off-plan properties Compared to May 2021:
- The value of transactions in the secondary market increased by 42%
- The value of transactions in the primary increased by 147%
TOP areas for sales: Apartments
- 1 Burj Khalifa
- 2 Business Bay
- 3 Dubai Creek Harbour
- 4 Dubai Marina
Villas & Townhouses
- 1 Madinat Al Mataar
- 2 Wadi Al Safa 5
- 3 Wadi Al Safa 7
- 4 Emirates Living
Of the total value of property sales transactions: 9% – Villas 73% – Apartments 18% – Land plots Source: Arabian Business
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