MCRE sees 70% of its June transactions for Abu Dhabi property come from international customers
Metropolitan Capital Real Estate (MCRE) on Wednesday announced that it registered a most successful third quarter in company history.
The company, a Metropolitan Group subsidiary, registered over Dh500M in sales for Q3, a 200 per cent increase from 2021 with record months in August and September. It registered over Dh150 million sales in August, a growth of 180 per cent on last year. This was then followed up by a record month for September when the company broke its monthly sales record registering over Dh250 million in sales, a 200 per cent growth for the month year-on-year basis.
Evgeny Ratskevich, CEO of Metropolitan Capital Real Estate, said the Abu Dhabi real estate market has seen phenomenal growth and has become a really attractive opportunity for investors and residents this past year.
The summer is usually pretty quiet, however this year the Abu Dhabi market saw significant activity with UAE nationals and residents accounting for most of our transactions in Q3
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