Dubai sets new record for volume of real estate transactions

Tuesday, 24 December 2019 13:43

Dubai has set a new record for the volume of real estate transactions over a 12-month period.

According to data from Property Finder, a total of 44,590 transactions were recorded in the emirate between November 2018 and November 2019.

It's the highest ever since sales transaction data was made publicly available.

The report also indicates that overall volumes in 2019 could reach a 10-year high once the figures for December are out.

As many as 36,799 residential units have been sold in Dubai from January until November 30 this year.

The positive trend is further evidence of improving momentum in the emirate's real estate market ahead of Expo 2020.

More from Business

World Bank cuts global growth forecast as trade tensions heighten uncertainty

The World Bank slashed its global growth forecast for 2025 by four-tenths of a percentage point to 2.3 per cent, saying that higher tariffs and heightened uncertainty posed a "significant headwind" for nearly all economies.
Meraas unveils Jumeirah Residences Emirates Towers

Meraas, a member of Dubai Holding Real Estate, has announced the launch of Jumeirah Residences Emirates Towers, a bold new addition to Dubai’s iconic skyline.
US and China set for trade talks in London

Three of US President Donald Trump's top aides will meet with their Chinese counterparts in London on Monday for talks aimed at resolving a trade dispute between the world's two largest economies that has kept global markets on edge.
Formula 1 sponsorship revenue over $2bn in 2024

Formula 1 is hot on the tail of the big dog of professional sports marketing, the NFL, and cleared $2.04 billion in sponsorship revenue in 2024.
India's Modi says he's received invitation for G7 summit in Canada

India's Prime Minister Narendra Modi said he looked forward to meeting his Canadian counterpart Mark Carney during the Group of Seven summit, after the latter invited him to the gathering over a phone call on Friday.

PINOY BULLETIN: JUNE 09 - 13, 2025
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
PINOY BULLETIN: JUNE 02 - 06, 2025
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
PINOY BULLETIN: MAY 26 - 30, 2025
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.