Dubai, UAE — The UAE’s real estate market flourished during November as sales crossed 10,000 transactions, the highest recorded since 2011, according to Property Finder, MENAT’s leading PropTech company.
November 2022 attained 10,941 total sales transactions and witnessed a 58.5 percent year-on-year increase compared to the same month last year, with 6,905 transactions.
In terms of value, there was a significant increase of 70.8 percent in transactions worth AED 30.5 billion compared to AED 17.9 billion in November 2021.
Volume-wise, existing properties recorded 5,825 transactions, with a remarkable increase of 54.8 percent year-on-year, showcasing an outstanding sales transaction performance for November 2022.
Similarly, in terms of value, the transactions for existing properties witnessed an increase of 60.8 percent year-on-year, reaching AED 17.8 billion compared to AED 11.1 billion in November 2021.
Here’s how various segments of the Gulf country’s real estate sectors have been performing:
