The value of property sales in Dubai for November came close to US$5 billion, the highest monthly total for eight years.
During the month there were 6,989 transactions worth $4.89 billion.
This represented a 59% increase on transactions for November 2020 and an 88% increase in value.
The Dubai Land Department (DLD) credited the recently held Expo2020 as a major factor in the sales boom.
“It has been over 70 days since Expo2020 started, and the greatest show in the world may have had ripple effects on the Dubai real estate market as November 2021 showed the highest monthly sales figures in eight years,” stated the government agency.
“This activity was directly reflected in the market’s performance, where an upward trend is observed and is likely to continue in the coming year,” added the DLD statement.
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