Economy

Title: Ready Housing in Dubai Records Largest Number of Transactions

Title: Ready Housing in Dubai Records Largest Number of Transactions

The number of real estate transactions in the ready housing market in Dubai reached its highest levels by the end of last year, according to figures from "Property Finder" group.

The group indicated that more than 2,400 transactions worth over 6.1 billion dirhams were completed by the end of 2020. Additionally, more than 11 real estate transactions in the ready market were executed in the fourth quarter of last year, amounting to over 72 billion dirhams. The Dubai Land Department reported that real estate activities did not cease during the lockdown period due to the COVID-19 pandemic, noting that transactions totaled 20 billion dirhams during that time.

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