Editorial team
Posted in Real Estate News OnThe pandemic has showcased that demand has grown for most property types, with a 57 percent rise for detached homes and a 58 percent increase in demand for apartments and flats in Dubai
More than 84 percent of real estate professionals expect competition within Dubai’s real estate market to ramp up going forward after Dubai’s property market proved remarkably resilient during the pandemic, according to the 2022 EMEA Real Estate Report published by Berkshire Hathaway HomeServices global headquarters.
Additionally, a noteworthy 77 percent of respondents in Dubai – the highest figure reported across EMEA countries – predicted that the real estate market will grow further in the coming year.
In November 2021, Dubai registered the best month of sales on record, with a total of 6,989 transactions worth $4.88 billion (AED17.95 billion).