Dubai Department of Land and Property statistics showed a 62% increase in the number of sales transactions in Dubai, from 1426 transactions in May to 2320 transactions in June.
A recent report by Property Finder showed that the first half of this year, which witnessed the peak of the crisis, increased the demand for residential villas by 400%, compared to the second half of last year.
The report pointed out that the average weekly real estate transactions in Dubai recorded 570 transactions, with a growth rate of 11% per week.
The report indicated that the secondary market (prefabricated real estate) accounted for 53% of the total sales transactions last June, compared to 28% in April and 33.5% of the total sales in May 2020.
The report indicated that the second quarter of this year recorded 5,564 sales transactions totaling 10.88 billion dirhams, which is equivalent to half of what was dealt with in the first quarter of 2020.