Sales House Price Index - Jan 2021

After a couple of record breaking months‭, ‬which were November and December 2020‭, ‬January 2021‭ ‬has started the year with the same‭ ‬trends which is healthy news for the residential real estate industry‭. ‬In total January 2021‭ ‬had 3,300‭ ‬transactions worth AED 6‭.‬74‭ ‬billion‭, ‬15.5‭ ‬percent more than January 2020‭ ‬in terms of volume and 37‭ ‬percent more in terms of value‭.‬

The trend throughout 2020‭ ‬was secondary/ready properties started transacting more and this trend has continued into this new year‭. ‬72‭ ‬percent of all transactions in January 2021‭ ‬were for secondary/ready properties and 28‭ ‬percent were for off-plan properties‭. ‬When we look at the volume of transactions‭, ‬the secondary market transacted 2,373‭ ‬properties worth a total of AED 5.43‭ ‬billion‭, ‬this is the highest number of secondary/ready properties transacted in a single month since March 2014‭. ‬

Q4‭ ‬2020‭ ‬was the strongest quarter in 2020‭ ‬and helped the year recover the most in terms of volume and value with 11,065‭ ‬sales transactions worth AED 22.07‭ ‬billion‭. ‬This quarter set the wheels in motion for the year to start strong and we are most likely going to see this going forward into February‭, ‬where we have already seen more than Dh3.3‭ ‬billion in sales transactions last week‭.‬‭ ‬This included an AED 38‭ ‬million Villa in Emirates hills and a AED 25.2‭ ‬million villa in Jumeirah Golf Estates‭.‬

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Sales House Price Index - Jan 2021 21 February, 2021 / 11 MB / PDF
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