Real estate sales in Dubai continue to recover

According to new research, real estate sales in Dubai were the highest in the last 16 months.

According to Mo’asher, the official sales price index from the Department of Land of Dubai (DLD) in cooperation with Property Finder, 4643 transactions worth 10.9 billion Dir were recorded last month.

In general, the number of transactions increased by 23%, and in value terms, transactions increased by 47% in March compared to February.

The base year for Mo’asher is 2012, the base month of the monthly index is January 2012, and the base quarter for the quarterly index is the first quarter of 2012.

In the first quarter of 2021, there were 11,753 sales transactions totaling 25 billion Dh.

Overall, the first quarter of 2021 saw six percent more real estate sales than the first quarter of 2020, 16 percent more for secondary real estate and seven percent less for unplanned real estate.

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Compared to the first quarter of 2020, the first quarter of 2021 had 15 percent more total sales transactions, 70 percent more for secondary real estate and 29 percent less for facilities under construction.

The most interesting in terms of finding villas / townhouses in March were: Dubai Hills Estate, Arabian Ranches, Palm Jumeirah, Mohamed bin Rashid City and Damac Hills

As for the apartments of the same period, the most interesting areas were Dubai Marina, Downtown Dubai, Palm Jumeirah, Business Bay and Jumeirah Village. Circle).

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