Dubai’s 10-month residential property deals surpass full 2022 level
<p>Residential transactions in Dubai during the first 10 months of 2023 surpassed last year’s record total transactions, underscoring the sustained demand surge for secondary market and off-plan properties from both overseas investors and new migrants.</p>
<p>A total of 93,590 residential transactions were recorded outstripping the 2022 full-year total of 92,178, which was the highest total ever recorded in a year until now, data from CBRE’s latest Dubai Residential Market Snapshot shows.</p>
<p>However, the number of transactions in October marked a drop of 23.6 per cent from the year prior to 6,407 while off-plan transactions declined significantly by 57.2 per cent. Secondary market transactions grew by 29.5 per cent in October.</p>
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