UAE In-Focus – Dubai real estate transaction value surges 80% to $42.7bn in Q1
RIYADH: Dubai’s real estate sector recorded an 80 percent increase in transaction value to 157 billion dirhams ($42.7 billion) in the first quarter of 2023 compared to 80 billion dirhams during the same period last year, reported a recent government report.
According to the Dubai Media Office, the real estate transactions increased 49 percent to 38,700 from 26,000 in the year-ago period.
The report…
