Property transactions in Dubai have surged to nearly AED30 billion ($8.16 billion) in value in just 30 days, as demand for residential units, particularly flats, remained strong.

Around 60% of property buyers last month were looking to own an apartment, while around 40% were interested in acquiring villas or townhouses, Property Finder reported on Thursday.

Within the rental market, around 82% of tenants were on the hunt for apartments, and 18% were looking for villas or townhouses. Among the tenants that wanted to find an apartment, 67.5% preferred furnished properties, while 30.9% opted for unfurnished options….read more