Residential Sales Price index - October 2021

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.‬

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Residential Sales Price index - October 2021 21 November, 2021 / 4 MB / PDF
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