October 2021 had 5,352 transactions worth AED 13.12 billion, making it the best October on record for the past eight years.
Including October 2021, this brings the year to date total to 48,651 sales transactions worth AED 177.44 billion. In just 10 months, the value of real estate sales transactions is 63.4 percent more than 2020 as a whole and is already the highest yearly sales figure since 2015.
In October 2021, 60 percent of all transactions were for secondary/ready properties and 40 percent were for off-plan properties. When we look at the volume of transactions, the off-plan market transacted 2,133 properties worth a total of AED 4.4 billion.
The ready market transacted 3,219 transactions worth AED 8.72 billion. Breaking this down further by developer sales and individual sales, developers had a total of 3,395 transactions worth AED 8.08 bn which included off-plan and prime, ready properties while individual sales accounted for 1,957 transactions worth AED 5.03 billion.
According to proprietary Property Finder demand data, the top areas of transactions in the month of August 2021 for villas/townhouses in June 2021 were the Damac Hills 2, Nad Al Sheba, The Springs, Dubai Hills Estate and Arabian Ranches. As for apartments for the same period, the top areas of interest were Dubai Marina, Business Bay,Jumeirah Village Circle, Downtown Dubai and Jumeirah Lake Towers.
For off-plan properties the top areas of transactions in the month of August 2021 for villas/townhouses in June 2021 were the Arabian Ranches 3, Tilal al Ghaf, The Valley, Dubai Land and Mohammed bin Rashid City. As for apartments for the same period, the top areas of interest were Dubai Harbour, Mohammed bin Rashid City, Dubai Creek Harbour, Business Bay and Downtown Dubai.