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A whole of 122,658 real estate transactions were registered within the emirate in 2022, an increase of 44.7 per cent from 2021. The previous yr additionally noticed 80,216 buyers registering a hundred and fifteen,183 new real estate investments valued at Dh264.15 billion, an annual progress of 59.5 per cent in volume and seventy eight.four per cent in value. The evidence is based on a drop in sales in the pre-construction market over the previous two years after mortgage rates began to climb. Homebuyer demand declined but home costs truly rose 2% to 5% higher by the tip of 2023 versus a 12 months in the past. The indicators for 2024 are for barely improved inventory, more choice for buyers. But buyer demand is inching higher too, so the market stability looks like it’s going to continue into the next 12 months, that means the housing market is unlikely to crash anytime quickly.

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