Metropolitan Capital Real Estate posts record Q3 sales in Abu Dhabi
The Metropolitan Group announced that its flagship real estate companies, Dubai-based Metropolitan Premium Properties (MPP), and Abu Dhabi-based Metropolitan Capital Real Estate (MCRE), generated combined property deals worth AED 2.2 billion in the first six months of the year (H1 2021), a threefold increase compared to the same period last year.
The Metropolitan Group registered over 1,000 real estate transactions in H1 with off-plan sales increasing 200% and secondary sales increasing 300% compared to H1 2020.
Dubai emerged as one of the safest and more open cities in the world which gave residents and investors confidence in the real estate market, said Nikita Kuznetsov, Partner Metropolitan Group and CEO of Metropolitan Premium Properties.
These numbers are a clear indication of the confidence investors have in the UAE’s economy due to the positive steps taken by the government to establish a successful vaccination programme and drive innovation around visa and residency solutions.
Mr. Kuznetsov added: We saw strong demand for luxury properties from overseas investors. Last year, 30% of our transactions were from international clients, primarily from the CIS, the UK and other parts of Europe including France, Germany and Austria, and we saw this trend continuing into 2021.
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