Home » Dubai Posts Strongest Real Estate Numbers Amongst Global Prime Markets

Dubai Posts Strongest Real Estate Numbers Amongst Global Prime Markets

by Dubaiforum

In January 2023, Dubai recorded over 9,800 real estate transactions, an increase of 128.5% compared to January of the previous year. The total value of transactions was AED 28 billion ($7.6billion), which was an incredible 178% higher year-on-year. The market, which had seen an uplift with East European buyers coming in over the summer and the hype around the FIFA World Cup hosted in Doha (less than an hour’s flight from the city), was expected to take a dip as the effect of rising interest rates took hold. But it seems to have defied the odds, as Dubai has been doing the past few years. While global economies have been in a sort of flux, especially in the real estate sector, Dubai continues to post record numbers.

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