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Wednesday, January 19, 2022

Dubai’s real estate sector recorded 6,388 sales transactions in June 2021

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Dubai’s real estate sector recorded 6,388 sales transactions in June 2021, worth Dhs14.79bn, as per the sixteenth release of Mo’asher, Dubai’s official sales price index.

This was the most elevated worth of sales in eight years, state news agency said citing officials.

The sales transactions in June 2021 were 44.33 percent higher as far as volume, and 33.2 percent higher in esteem contrasted with May 2021.

The outcomes accomplished in June 2021, notwithstanding the quantity of sales transactions came to in April (4,824) and May (4,426), made for a profitable Q2, which had the most elevated quarterly volume of sales transactions since Q4 2013, with 15,638 sales transactions worth Dhs36.86bn, 33.26 percent more than Q1 2021, as far as volume, and 46.76 percent more as far as worth.

This carries the year-to-date complete to 27,373 sales transactions worth Dhs61.97bn. In examination, 2020 witnessed an aggregate of 35,041 sales transactions worth Dhs71.87bn.

The base year for Mo’asher is 2012, the base quarter for the quarterly index is Q1 2012 and the base month for the month to month index is January 2012.

In June 2021 the general month to month index recorded 1.07 and an index price of Dhs1,009,593; the apartments month to month index remained at 1.088 and an index price of Dhs904,920; and the villas/townhouses month to month index was 1.013 at an index price of Dhs1,822,343.

In Q2 2021, the general quarterly index was 1.108 and an index price of Dhs1,023,552; the apartments quarterly index recorded 1.118 and an index price of Dhs927,442 and the villas/townhouses quarterly index recorded 1.076 and an index price of Dhs1,880,153.

As per proprietary Property Finder demand data, the top areas of interest as far as sales transactions for villas/townhouses in Q2 2021 were Mohammed Bin Rashid City, Dubai Hills Estate, Dubai Land, Green Community and Town Square.

With respect to apartments for a similar period, the best areas of interest were Jumeirah Lake Towers, Dubai Marina, Meydan, Jumeirah Village Circle and Downtown Dubai.

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