Compared to the same month last year, the increase recorded for the month of May revealed a 71 percent surge in Dubai real estate
Secondary sales generated 35 percent more sales value compared
to off-plan sales, mortgage transactions also saw an increase, indicating
higher interest from end users.
Another segment of the real estate sector that witnesses a boom
was the ultra-luxury market which witnesses record-breaking sales including the
sale of an AED120 million apartment in Dubai Hills Estate and a villa in
Bulgari Ocean Mansions worth AED135 billion.
Compared to the same month last year, the increase recorded for
the month of May revealed a 71 percent increase.
Top nationalities for buyers and tenants
- British
- Indian
- Russian
Additionally, the real estate company’s off-plan team recorded
sales of AED65 million for a penthouse at Como Residences in Palm Jumeirah.
Gardenia Residency, within
Jumeirah Village Circle, offers a strategic location and premium amenities,
making it an attractive choice for investors and residents seeking a luxurious
and comfortable lifestyle in Dubai's vibrant real estate market. The sales team
at Gardenia Residency is working tirelessly to secure direct deals, putting in
great effort to grab sales opportunities. In the month of May, the sales team
conducted numerous meetings, and many potential deals are in the pipeline.
Encouragingly, some clients have shown a highly positive response and expressed
their intention to purchase apartments. With the dedication and hard work of
the Gardenia sales team, it is expected that the month of June will witness a
substantial increase in sales, further enhancing the rewarding journey towards
securing direct deals.
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