A total of 122,658 real estate transactions have been registered within the emirate in 2022, an increase of forty four.7 per cent from 2021. The past year also noticed 80,216 investors registering 115,183 new real estate investments valued at Dh264.15 billion, an annual progress of fifty nine.5 per cent in volume and seventy eight.four per cent in value. The proof is predicated on a drop in gross sales within the pre-construction market over the past two years after mortgage charges started to climb. Homebuyer demand declined but residence costs actually rose 2% to 5% larger by the tip of 2023 versus a yr in the past. The signals for 2024 are for slightly improved stock, extra choice for patrons. But purchaser demand is inching larger too, so the market balance looks like it’ll continue into the next yr, meaning the housing market is unlikely to crash anytime soon.
A new …