Real Estate Market Update

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Dubai Real Estate Continues Growth Momentum With Record Transactions

Dubai's residential rents and sales reached records at the year's conclusion. Last month, CBRE reported that Dubai's real estate deals climbed by 63% to 8,662, with off-plan sales (92.5%) and secondary market transactions (35.4%) leading the way. In 2022, the emirate sold 90,800 homes, topping the 2009 record by 1,182. In December 2022, CBRE's Dubai Residential Market Snapshot reported 9.5% average...

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