On its way to a quarter of a trillion dirhams.. Dubai real estate sales exceed 200 billion since the beginning of the year until October 21

Dubai real estate sales exceeded the barrier of 200 billion dirhams, today, Friday, October 21, according to data from the Land Department, which reinforces expectations of reaching a quarter of a trillion dirhams at the end of the year.

Sources working in the real estate sector in Dubai had expected, across the “Gulf”, that real estate sales would set a record and historical record at the end of 2022, on their way to the level of 250 billion dirhams, with a growth of 70%, compared to 2021, based on the sector’s performance indicators.

Dubai recorded strong real estate transactions this week with more than 8 billion dirhams, as the department witnessed the registration of 2,170 pledges of allegiance worth 5.9 billion dirhams, including 147 allegiance to lands worth 1.12 billion dirhams, and 2023 allegiance to apartments and villas worth 4.79 billion dirhams.