With June’s Dh14.79 billion total being the best since December 2013, these month-on-month gains are once again showing up in Dubai’s property market.
A substantial 33.26 percent over the first quarter as April to June period delivered Dh36.96 billion in sales and, according to figures from Property Finder
“Month-on-month increases and record-breaking months for sales transactions; high investment demand from residents and foreign investment; and property prices increasing across prime communities – it has been a dynamic market, to say the least,” said Lynnette Sacchetto, Director of Research and Data at Property Finder.
In the first months, there have been 27,373 transactions worth Dh61.97 billion. In comparison, all of 2020 had 35,041 deals worth Dh71.87 billion. This puts the market up nicely to head past the Dh100 billion in deals mark for 2021.
Secondary market sales remain as robust as ever… and showing price gains too. According to Sacchetto, “Compared to Q1-2021, the average secondary transaction value increased by 17.28 percent and the average off-plan transaction value by 0.83 percent. Following on from the rest of the year’s trends, Q2-2021 outperformed previous quarters and we will most likely see this trend continue until the end of the year and into 2022.”(Source: www.gulfnews.com)