Dubai's real estate market continues to boom as more than billion dollars of deals recorded on Thursday, 9 February 2023 alone.
504 real estate sales transactions recorded worth a remarkable AED 1.69 billion ($460.1 million).
79 mortgage deals worth of AED 2.23 billion ($601.1 million), and 18 gift deals worth AED 60.23 million ($16.4 million) as per data released by the Dubai Land Department (DLD) showed.
Dubai real estate will maintain an upward growth this year as investors and end-users continue to spend in the residential market amid strong believe in the stability of the city's stong economy.
A 10% growth in real estate prices is expected this year due to strong demand in the luxury sector as high net worth individuals continue to relocate to Dubai because of its stable economy.
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