With 10,941 registered transactions worth AED 30.49 billion, November recorded the highest performance for a month in 2022. The market witnessed a 58.45 percent year-on-year increase in terms of volume and 70.81 percent in terms of value.
Year to date, the sales transactions were remarkably higher than the total sales transactions in 2021 in terms of volume and value of transactions. While the volume of total sales transactions grew by 46.09 percent, the value grew by 60.67 percent.
The existing sales recorded the highest number of transactions not just for a month in 2022 but over 12 years by clocking 5,825 transactions worth AED 17.82 billion, recording a 54.84 percent percent increase in terms of volume and 60.85 percent in terms of value compared to November 2021.
Likewise, the off-plan market witnessed a remarkable performance for a month, with the highest off-plan transactions in 12 years. The total registered sales for off-plan properties reached 5,116 transactions worth AED 12.676 billion, representing 46.76 percent of the total sales transactions in terms of volume and 41.57 percent in terms of value.