Since the event began in October, Expo 2020 has had a significant impact on Dubai’s real estate market, with November seeing the greatest monthly sales figures in eight years.
In November, the total number of sales transactions for the year were 55,640, worth Dh135.4 billion.
According to DLD data, the value of real estate sales transactions has increased by 88.37 percent over 2020 as a whole, and is already the biggest yearly sales number since 2014.
According to the Dubai Land Department (DLD), 6,989 sales transactions of Dh17.95 billion were recorded in November, making it the best November since January 2014.
Last month, secondary/ready properties accounted for 54% of all transactions, while off-plan properties accounted for 46%. “In terms of transaction volume, the off-plan market transacted 3,217 properties worth a total of Dh6.84 billion.” The ready market completed 3,772 trades totaling $3,772 in value.