Dubai Property Sets the Best Sales Since 2013

Share

As indicated by the Land Department, Dubai's property market set up 6,388 transactions worth AED 14.79 billion in June, which is the most noteworthy in the last eight years. The transactions in June 2021 are 44.33 percent higher in volume and 33.2 percent in value in comparison to May 2021.

This carries the year-to-date total to 27,373 transactions worth AED 61.97 billion. Last year's total outnumber remained at 35,041 worth AED 71.87 billion.

Topmost Regions

As for villas and townhouses, Green Community, Mohammed Bin Rashid City, Dubai Hills Estate, Arabian Ranches 3, and Akoya beat the rundown. Concerning apartments, the top regions were Meydan, Jumeirah Lake Towers, Dubai Marina, Business Bay, and Downtown Dubai.

Additional Facts

In Contrast with Q2-2020, this year showed an increase of 183.4 percent for volume and 237.79 percent for the worth of deals transactions. When contrasted with Q2-2019, this quarter has an increase of 78.27 percent for volume and 102 percent for esteem.

In these three months, 61.5 percent of all deals were for auxiliary/prepared properties and 38.5 percent for off-plan properties. As far as volume, the off-plan market executed 6,025 properties worth AED 9.17 billion and the optional market executed 9,613 properties worth AED 27.68 billion. Contrasting this with Q1-2021, the quantity of off-plan deals in the subsequent quarter expanded 53.93 percent and the auxiliary/prepared property deals by 22.91 percent.