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Transactions worth AED 11.1b in Dubai – four year high
Dubai: Dubai’s real estate market has achieved a new record, the highest over the past four years in terms of the value of real estate sales transactions. The 15th edition of Mo’asher, Dubai’s official sales price index, launched by Dubai Land Department (DLD), shows that May 2021 had the highest total sales transaction values since March 2017 in excess of Dh11.11 billion, with a …
Bullish outlook expected to last several years
HSBC Holdings Plc said a growing demand for larger homes during the pandemic would further boost Dubai’s property market, echoing analysts at Morgan Stanley who expect the rally to last for “several years.” “The reported sales rebound in Dubai year-to-date has been remarkable,” HSBC’s Stephen Bramley-Jackson and Alok Baid wrote. Despite supply concerns and negative population growth, “the globally synched post-pandemic migration to larger …

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