On June 9, news reported that against the backdrop of the accelerated tokenization of real estate, the Dubai real estate market soared in May, with sales and transaction values hitting new highs, indicating a continuous increase in investor confidence and potential readiness for real estate tokenization. According to data from the real estate platform, a total of 18,700 transactions were completed in the Dubai real estate sector in May, with total sales reaching 66.8 billion dirhams (approximately 18.2 billion USD), a 44% rise in volume year-on-year, and a 6% increase in sales.
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Dubai real estate sales surged 44% in May, and the tokenization wave may become a driving force.
On June 9, news reported that against the backdrop of the accelerated tokenization of real estate, the Dubai real estate market soared in May, with sales and transaction values hitting new highs, indicating a continuous increase in investor confidence and potential readiness for real estate tokenization. According to data from the real estate platform, a total of 18,700 transactions were completed in the Dubai real estate sector in May, with total sales reaching 66.8 billion dirhams (approximately 18.2 billion USD), a 44% rise in volume year-on-year, and a 6% increase in sales.