The highest value in a month since December 2013

Dubai records 5762 real estate sales with 16.2 billion dirhams during September

Increased sales value by 45% during the first 9 months of 2021 compared to 2020. Archive

Yesterday, the Dubai Land Department revealed that last September recorded the highest value of real estate sales in one month since December 2013, after sales witnessed a value of more than 16.2 billion dirhams, distributed among 5,762 pledges, bringing the total transactions from the beginning of this year until the end of September To 43 thousand and 299 sales, worth 104.3 billion dirhams.

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The data of the 18th edition of the official selling price index in Dubai, launched by Dubai Land Department, in cooperation with the “Property Finder” website, which specializes in real estate, showed that the total monthly index last September recorded 1115 points at a price of one million and 65 thousand and 816 dirhams, after the index recorded The monthly index for apartments is 1.14 points at a price of 954 thousand and 524 dirhams, and 1098 points for the monthly index for villas at a price of one million and 940 thousand and 843 dirhams.

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 2012 as the base quarter, the general quarterly index recorded during the third quarter of this year 1,128 points at a price of one million and 53 thousand and 263 dirhams, after the quarterly index of apartments recorded 1134 points, at a price of 946 thousand and 644 dirhams, and 1124 points for the quarterly index of villas, at a price of one million and 954 thousand and 802 dirhams.

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The data indicated that during the first nine months of this year, the value of real estate sales in Dubai increased by 45.15%, compared to the whole year 2020, making it the highest annual real estate sales value since 2017.

It indicated that the secondary market (ready units) accounted for 56% of the total sales during September 2021, while sales on the map accounted for 44%.

Transaction volume

As for the volume of transactions, the off-plan sales dealt with 2,530 properties with a total value of 5.1 billion dirhams, which is the highest value of off-plan sales transactions witnessed by the real estate market in Dubai for more than eight years, while 3232 properties were traded in the secondary market with a total value of up to 11.1 billion dirhams during September 2021.

Third quarter

In addition, the third quarter of this year is considered the best third quarter in the history of the real estate sector in the Emirate of Dubai in terms of sales value, and the best third quarter in terms of transaction volume since 2009. The third quarter witnessed the registration of 15,927 real estate sales, with a value of 42.35 billion dirhams.

By comparing the third quarter of 2021 with the third quarter of last year, it showed an increase of 85.36 percent in the volume of sales transactions, and an increase of 135.42 percent in the value of sales, but when compared to the period before the spread of “Covid-19”, the third quarter of 2021 showed An increase of 64.51% in the volume of transactions, and 138.811% in the value of sales, compared to the third quarter of 2019.

Ready-made properties and off-plan sales

The secondary market (ready units) accounted for 56.6% of the total sales, during the third quarter of 2021, while sales on the map accounted for 43.38%.

With regard to the volume of transactions, sales on the map dealt with 6,909 properties with a total value of 13.5 billion dirhams, while 9,017 properties were traded in the secondary market with a total value of 28.85 billion dirhams during the third quarter of 2021.

When compared to the second quarter of 2021, the volume of off-plan sales increased by 14.67%, while sales of secondary (ready) properties decreased by 6.02%, while the value of off-plan sales increased by 47.11%, and the value of sales transactions increased The secondary market increased by 4.24%.

43.2 thousand sales, worth 104.3 billion dirhams, from the beginning of 2021 until the end of September.

• The third quarter of 2021 is the best in the history of the Dubai real estate sector in terms of sales value.

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