Emirates News Agency – Dubai Land Department: 5,762 real estate sales worth 16.2 billion dirhams last September

0
19


DUBAI, 20th October / WAM / The past months leading up to the launch of the global event “Expo 2020 Dubai” witnessed an exceptional growth in general in real estate sales transactions in terms of volume and value, but last September recorded a greater importance represented in being the most valuable month for real estate sales during the month One since December 2013, after witnessing sales of more than 16.2 billion dirhams, distributed over 5,762 pledges.

Thus, the value of real estate sales since the beginning of the year exceeded the 100 billion dirhams barrier, according to the data of the eighteenth edition of the official sales price index in Dubai, which was launched by the Dubai Land Department in cooperation with Property Finder.

According to the index data – which is taken from 2012 as the base year and from January 2012 as the base month and from the first quarter 2012 as the base quarter – the total monthly index recorded last September 1,115 points at a price of 1,065.816 dirhams, after the monthly index of apartments recorded 1.14 points at a price of 954.524 dirhams and 1 .098 points for the monthly index for villas at a price of 1,940.843 dirhams.. while the general quarterly index recorded in the third quarter of this year 1,128 points at a price of 1,053,263 dirhams, after the quarterly index for apartments recorded 1,134 points at a price of 946,644 dirhams and 1,124 points for the quarterly index For villas, the price is 1,954.802 dirhams.

September 2021 witnessed the registration of 5762 real estate sales worth 16.2 billion dirhams, which makes it the best month of September ever during the past eight years, bringing the total transactions since the beginning of the year until the end of September to 43,299 transactions worth 104.3 billion dirhams.

During the first 9 months of this year, the value of real estate sales transactions increased by 45.15% compared to the whole year 2020, making it the highest annual real estate sales value since 2017.

The secondary market/ready units accounted for 56% of the total sales during September 2021… while off-plan sales accounted for 44%.

With regard to the volume of transactions, off-plan sales dealt with 2,530 properties, with a total value of 5.1 billion dirhams, and this is the highest value of off-plan sales transactions witnessed by the real estate market in Dubai for more than 8 years. In turn, 3,232 properties were traded in the secondary market, with a total value of 11.1 billion dirhams during September 2021.

The third quarter of 2021 is 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 volume of transactions since 2009, when the third quarter of 2021 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 2020, it showed an increase of 85.36% in the volume of sales transactions and an increase of 135.42 percent in the value of sales… While when compared with 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 138.81 percent in the value of sales compared to the third quarter of 2019.

The secondary market/ready units accounted for 56.6% of the total sales during the third quarter of 2021, while off-plan sales accounted for 43.38%.

With regard to the volume of transactions, off-plan sales dealt with 6,909 properties, with a total value of 13.5 billion dirhams. In turn, 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 secondary/ready properties sales decreased by 6.02%. While the value of off-plan sales transactions increased by 47.11% and the value of secondary market sales transactions increased by 4.24%.





LEAVE A REPLY

Please enter your comment!
Please enter your name here