Sales House Price Index - September 2021

The growth of the monthly sales transactions and their values leading up to EXPO202‭ ‬has been exceptional‭, ‬but none as significant as September 2021‭. ‬Last month not only had the highest value of real estate sold in a single month since December 2013‭ ‬but also crossed the AED 100‭ ‬billion mark in sales transactions for the year‭. ‬

September 2021‭ ‬had 5,762‭ ‬transactions worth AED 16.2‭ ‬billion‭, ‬making it the best August on record in the past 8‭ ‬years‭. ‬

Including September 2021‭, ‬brings the year-to-date total to 43,299‭ ‬sales transactions worth AED 104.3‭ ‬billion‭. ‬In just 9‭ ‬months‭, ‬the value of real estate sales transactions is 45.15‭ ‬percent more than 2020‭ ‬as a whole and is already the highest yearly sales figure since 2017‭.‬

In September 2021‭, ‬56‭ ‬percent of all transactions were for secondary/ready properties and 44‭ ‬percent were for off-plan properties‭. ‬When we look at the volume of transactions‭, ‬the off-plan market transacted 2,530‭ ‬properties worth a total of AED 5.1‭ ‬billion‭.‬‭ ‬This is the highest value of off-plan sales transactions the Dubai Real estate market has seen in over 8‭ ‬years‭. ‬The Secondary market transacted 3,232‭ ‬transactions worth AED 11.1‭ ‬billion‭.‬

Q3‭ ‬2021‭ ‬has been the best Q3‭ ‬recorded in the history of Dubai real estate in terms of sales transaction value and the best Q3‭ ‬for sales transaction volume since 2009‭.‬

Q3‭ ‬2021‭ ‬when compared to Q3‭ ‬2020‭ ‬showed an increase of 85.36‭ ‬percent in sales transaction volume and an increase of 135.42‭ ‬percent in transaction value‭. ‬To put it in perspective‭, ‬when we compare pre-covid times such as Q3‭ ‬2019‭, ‬Q3‭ ‬2021‭ ‬showed an increase of 64.51‭ ‬percent in transaction volume and an increase of 138.81‭ ‬percent in transaction value‭.‬

In Q3‭ ‬2021‭, ‬56.6‭ ‬percent of all transactions were for secondary/ready properties and 43.38‭ ‬percent were for off-plan properties‭.‬‭ ‬When we look at the volume of transactions‭, ‬the off-plan market transacted 6,909‭ ‬properties worth a total of AED 13.5‭ ‬billion and the secondary market transacted 9,017‭ ‬properties worth a total of AED 28.85‭ ‬billion‭. ‬

Comparing this to Q2‭ ‬2021‭, ‬the volume of off-plan transactions increased by 14.67‭ ‬percent and the secondary/ready property sales‭ ‬transactions decreased 6.02‭ ‬percent‭. ‬The value of off-plan sales transactions increased by 47.11‭ ‬percent and the value of secondary sales transactions increased by 4.24‭ ‬percent‭. ‬

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Sales House Price Index - September 2021 19 October, 2021 / 9 MB / PDF
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