Property Finder: April sales have not been realized for 4 years

Dubai witnesses 6 real estate deals, each with a value of more than 50 million dirhams

"Dubai Marina" recorded the highest rate of sale of apartments, with 8.5% of the total deals.


The company, Property Finder, which specializes in real estate research, has revealed that six large deals have been concluded in Dubai last April, each of which exceeds 50 million dirhams, including a villa in the Palm Jumeirah area, which achieved the second largest value of villa deals this year with a value of 105 million dirhams. .

In a recent report on the performance of the Dubai real estate market during April 2021, the company stated that last month witnessed the recording of the highest value of real estate sales deals on a monthly basis, with a value that exceeded 10.97 billion dirhams, noting that this value is the largest monthly real estate deals in Dubai in four years.

a plus

The "Property Finder" report stated that, last April, 4,382 real estate deals were completed, with an increase of 4.2% in the volume of deals and 0.6% in the value of deals compared to March 2021, noting that this brings the total real estate deals completed since the beginning of this year to 16 thousand and 577 deals, worth 36.12 billion dirhams.

He indicated that the deals amounting to two million dirhams amounted to 70% of the total deals, compared to 23% for the deals that ranged between two million and five million dirhams, 4% for the deals between five and 10 million dirhams, and 3% for the deals that exceeded the value of 10 million dirhams.


According to the report, "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 the total deals, and "Dubai Marina" with a percentage. 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 place to 10.

Outstanding activity

"The residential real estate market in Dubai has witnessed remarkable activity since the beginning of this year, as we witnessed during the month of April alone the completion of six deals, each of which exceeded 50 million dirhams," said Lynetteabad, director of research and data at the "Property Finder".

She added, "Looking at mortgage transactions data, the months of April, March and January 2021 witnessed the largest number of monthly real estate deals since March 2010."

Secondary and planned market

Abad explained that 60% of the total deals during last April were concentrated in the secondary / ready market, and 40% in the real estate market on the plan, as for the volumes of real estate deals, the real estate market sales on the scheme included 1934 properties with a total value of 3.09 Billion dirhams, compared to 2898 properties in the secondary market, at a value of 7.89 billion dirhams.

And she continued, “Compared with March 2021, the number of real estate transactions on the scheme increased in April by 12.9%, which is the highest rate during a 14-month period, while the number of real estate transactions in the secondary / ready-made market decreased by 0.92%, which is the first decline in 11 months. Pointing out that «April 2021, witnessed the largest number of monthly real estate deals on the scheme since February 2020, in an indication of the recovery of the sector.

Highest percentage of sales

Abad indicated that “Mohammed Bin Rashid City” recorded the highest sales of villas / townhouses with 18.5% of total sales deals in April 2021, followed by Dubailand with 10.3%, then Dubai Hills. Estate by 9.4%, followed by "Rakan" by 5%, then "Town Square" by 4.9%.

She added that with regard to apartments, "Dubai Marina" recorded the highest rate of sales, at 8.5% of total deals, followed by "Jumeirah Village Circle" by 8.4%, then "Jumeirah Lakes Towers" by 7.6%, and then "Downtown Dubai" at a rate of 7.3%, and finally "Business Bay" by 5.4%.

Research areas

The demand data issued by the company "Property Finder" showed that searches for villas and townhouses in Dubai were concentrated during April 2021 in the areas of "Dubai Hills Estate", "Arabian Ranches", "Palm Jumeirah" and "Mohammed Bin City." Rashid and Damac Hills.

As for the most prominent areas that were the focus of attention of dealers in the apartment category during the same period, they included "Dubai Marina", "Downtown Dubai", "Palm Jumeirah", "Business Bay" and "Jumeirah Village Circle".


4,382 deals worth 10.97 billion dirhams were completed last month.

A villa in "Palm Jumeirah" achieved the second largest value of villa deals, at 105 million dirhams.

Follow our latest local and sports news, and the latest political and economic developments via Google news