This is a Dubai news story, published by CNBC.
For more Dubai news, you can click here:
more Dubai newsFor more real estate & housing news, you can click here:
more real estate & housing newsFor more news from CNBC, you can click here:
more news from CNBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about
Dubai property market. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest latest Dubai property market numbers news, Dubai news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Dubai property giant DamacCNBC
•76% Informative
Dubai property market numbers tell a story of burgeoning demand.
In July of 2024 , property sales reached 49.6 billion dirhams ( $13.5 billion ), a 31.63% increase from the same period in 2023 .
Around 80% of the units launched since 2022 have already been sold, report estimates.
Dubai has experienced a volatile boom-and-bust cycle in the past.
VR Score
86
Informative language
89
Neutral language
77
Article tone
semi-formal
Language
English
Language complexity
49
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links