With a growth of 13.8% ... and an increase of 8.9% in terms of value compared to January 2021

Dubai records 3787 real estate deals worth 7.43 billion dirhams during February

"Dubai Marina" was one of the most important areas of concern when it came to searching for apartments.


The total number of real estate deals in Dubai during last February reached 3787 deals worth 7.43 billion dirhams, with a growth of 13.8% in terms of the number of deals, and 8.9% in terms of value, compared with the previous January, according to the 12th edition of the official selling price index. In Dubai, which was launched by the Dubai Land Department in cooperation with the company «Property Finder».

According to the index data, which is taken from 2012 as the base year, from January 2012 as the base month, and from the first quarter of 2012 quarterly, the total number of deals from the beginning of this year to the end of February reached 7114 deals, worth 14.2 billion dirhams.

Statistics revealed by "Dubai Land" in a statement yesterday, showed that the real estate market in Dubai continues to grow and trend upward.


The data indicated that through the additional trends observed during the second half of 2020, secondary market sales / finished units were higher in volume, compared to off-plan sales, as this trend also continued during the current year. Demand for the secondary market is growing, with February 2021 registering the record for most secondary market sales / finished units transactions in one month over the past three years, surpassing January's figures of the same year.

The secondary market

According to the data, secondary market transactions / finished units accounted for 67% of total sales during February 2021, compared to 33% for off-plan sales.

With regard to the volume of transactions, the sales on the map dealt with 1,355 properties with a total value of 1.8 billion dirhams, while the secondary market traded 4,114 properties with a total value of more than 5.3 billion dirhams.

Comparing these figures in January 2021, the number of map sales increased in February by 39.9%.

Villas and apartments

According to "Data Finder", the real estate information and data platform of "Property Finder", Nad Al Sheba acquired 10.3% of the total sales of villas / "Townhouses" in February 2021, followed by "Dubai Hills Estate" by 8.3%. Then "Green Community" by 8%, then "Arabian Ranches" by 4.7%, and finally "Dubai Land" by 4%.

As for apartments, the Business Bay area acquired 14.9% of the total apartments, followed by “Dubai Marina” by 9%, then “Jumeirah Village Circle” by 8%, followed by “Dubai Downtown” which acquired 6.5%, then “Palm Jumeirah” accounts for 6.2% of the total.


According to the request data from the base of the "Property Finder" company, searches for villas / "townhouses" during February 2021 were concentrated in "Dubai Hills Estate", "Arabian Ranches", "Palm Jumeirah", and "Madinat". Mohammed bin Rashid and DAMAC Hills.

With regard to apartments during the same period, the most important areas of interest were "Dubai Marina", "Downtown Dubai", "Palm Jumeirah", "Business Bay" and "Jumeirah Village Circle".

Monthly index

Last February, the general monthly index recorded 1.071 points at a price of one million and 4652, while the monthly index for apartments scored 1.125 points at a price of 944 thousand and 982 dirhams, while the monthly index for villas / townhouse scored 0.924 points at a price of one million and 760 thousand and 377 dirhams. .

• February 2021 saw the highest number of secondary market sales in a month since January 2017.

• Total deals from the beginning of 2021 until the end of February amounted to 7,114 deals.

• 67% of transactions go to the secondary market ... and 33% on the map.

• 14.9% of apartment sales were acquired by Business Bay.

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