Dubai drives UAE real estate sector to record $208bn in transactions

RIYADH: Real estate transactions in four of the UAE’s emirates surged in 2023 as they recorded a combined 22.6 percent annual increase in value – totaling 765.1 billion dirhams ($208.34 billion).

Driven by 193,500 transactions across Dubai, Abu Dhabi, Sharjah, and Ajman, the steady growth highlights the sector’s contribution to the national economy and its growing appeal, evidenced by a significant rise in both local and international investor interest. 

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