Dubai registered a total of 41,988 real estate transactions in 2019, according to Data Finder, the real estate insights and data platform under the Property Finder Group.
This represents a growth of 20 per cent in the volume of registered property sales transactions compared to 34,961 transactions in 2018.
It is also the highest number of sales transactions registered annually in Dubai since 2008 when data became publicly available.
There were 11,662 property sales transactions registered in Dubai in 2008.
The Dubai real estate market has, therefore, grown by 260 per cent in the past 11 years in terms of the volume of transactions.
The second highest number of property sales transactions registered in Dubai since 2008 was in 2017 (40,649).
This news comes on the heels of recent reports about the Dubai property market regaining momentum.
December 2019 clocked in 2,989 registered property sales transactions.
Other good months for property sales in Dubai last year were July (4,234), September (4,007) and May (3,512).
“Going into 2020 and leading up to the Expo, we should continue to see transaction levels increase and prices start to stabilise in certain areas.
“We have already started to see certain market dynamics shift as a direct…