Dubai: – Dubai’s real estate market keeps on accomplishing record numbers in the number and worth of real estate deal transactions.
The 14th edition of Mo’asher, Dubai’s official sales price index, launched by the Dubai Land Department (DLD) shows that 4,832 sales transactions worth Dh10.98 billion were recorded in April 2021, the highest value in four years, specifically since March 2017. This brings the year to April total to 16,577 sales transactions worth Dh36.12 billion.
Overview
In April 2021, 60% of deal transactions were for secondary/prepared properties and 40% were for off-plan properties. Apartment deals additionally represented 69% of the aggregate, and 31 percent for villa/townhouse sales.
Since the beginning of the pandemic, apartment costs began declining. This is somewhat because of more reasonable housing coming into the market, more inventory of apartments finished, and an increase in popular shifting to villa/townhouses.
The popular choice
The top areas of interest in terms of searches for villas/townhouses in April 2021 were Dubai Hills Estate, Arabian Ranches, Palm Jumeirah, Mohamed bin Rashid City, and Damac Hills.
As for apartments for a similar period, the top spaces of interest were Dubai Marina, Downtown Dubai, Palm Jumeirah, Business Bay, and Jumeirah Village Circle.