Sale of a villa in Palm Jumeirah for 105 million dirhams
Property Finder revealed that six large deals were concluded in April, each of which exceeded 50 million dirhams, including a villa in the Palm area, which achieved the second largest value of villa deals during 2021, with a value of 105 million dirhams.
The company stated in a recent report on the results of the performance of the Dubai real estate market during April 2021 that the month of April witnessed the highest value of real estate sales since March 2017, on a monthly basis, with a value exceeding 10.97 billion dirhams, which is the largest value of real estate deals per month in Dubai in four years. .
The report indicated that 4,382 real estate deals worth 10.97 billion dirhams were completed during April 2021, an increase of 4.2% in the volume of deals and 0.6% in the value of deals compared to March 2021. This brings the total real estate deals completed since the beginning of the year to 16,577 deals worth 36.12 billion Dirhams.
Deals amounting to 2 million dirhams recorded 70% of the total deals, compared to 23% for deals ranging from 2 to 5 million dirhams, 4% for deals between 5 and 10 million dirhams, and 3% for deals that exceeded 10 million dirhams.
Mohammed Bin Rashid City witnessed one of the highest turnout rates in April, which made it the region with the largest number of deals in Dubai, followed by Jumeirah Village Circle with 5.8% of total deals, and Dubai Marina with 5.6%.
On the other hand, after it ranked in the first two places for the largest number of monthly sales deals over the past year, Business Bay witnessed a decrease in the total monthly deals from 7.2% to 3.5%, dropping its ranking from first to tenth.
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