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Dubai property sales break 7-year record

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Secondary residential property sales in November 2020 broke a seven-year record as local real estate steadily recovers from the impact of the pandemic and oversupply.

According to Property Finder, 3,928 transactions worth Dh7.65 billion took place in Dubai last month — the highest in nine months. Of these, 61 per cent were in the secondary market and the rest in the off-plan market.

By value, 74.4 per cent was for secondary transactions.

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