October 2021 is the best in 8 years

Dubai records 5352 real estate sales with 13.12 billion dirhams in a month

Ready-made units accounted for 60% of the total sales.

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The Dubai real estate market continued to record new achievements, and achieve more growth in the field of real estate sales, to record October 2021 real estate sales that reached 5,352 sales, with a total value of 13.12 billion dirhams, which makes it the best month of October ever during the past eight years, according to data The 20th edition of the official selling price index in Dubai, launched by the Dubai Land Department, in cooperation with Property Finder.

The data of the index, which is taken from 2012 as the base year, from January 2012 the base month, and from the first quarter 2012 the base quarter, indicated that the total number of real estate sales since the beginning of this year until the end of last October reached 48,651 real estate sales, with a total value of 177.44 billion dirhams, achieving an increase of 38.3% in terms of the number of sales and 63.4% in terms of value, compared to last year, and also becoming the highest annual value of sales since 2015.

Last October, the general monthly index recorded 1,132 points at a price of 1,086,969 dirhams, while the monthly index for apartments scored 1.16 points, at a price of 974,621 dirhams.

The monthly index for "townhouse" villas scored 1.13 points, at a price of 1,962,448 dirhams, making October 2021 the highest in terms of total index numbers since June 2019, and the highest in terms of index value since March 2019.

With regard to apartments, last October was the highest in terms of index points since August 2020, and the highest in value since September 2020, while “townhouse” villas achieved better performance, as October 2021 was the highest in terms of index points since April 2019, and the highest As well as in terms of the value of the index since February 2019.

The villas index has increased by 14%, during the past six months, and since the beginning of the “Covid-19” pandemic, as the demand for villas has increased significantly, leading to an increase in villa sales, achieving new records in terms of best sellers of this type. , as of July 2020, in addition to continuous growth month after month.

In addition, in October 2021, the secondary market/ready units accounted for 60% of the total sales, while off-plan sales constituted 40%.

As for the volume of transactions, off-plan sales dealt with 2,133 properties with a total value of 4.4 billion dirhams, while 3,219 properties were traded in the secondary market, with a total value of 8.72 billion dirhams.

• 63.4% increase in the value of sales, during the first 10 months of 2021, compared to 2020.

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