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In the months leading up to the launch of the global event Expo 2020 Dubai, there has been an extraordinary increase in real estate sales transactions in terms of volume and value overall. However, September 2021 achieved greater success, setting the highest real estate sales value in one month since December 2013, with 5,762 sales transactions valued at more than 16.2 billion dirhams, bringing the year-to-date total value to more than 1,000 Billion dirhams. This is based on the 19th edition of Dubai’s official sales price index Mo’asher launched in cooperation with the Dubai Land Department (DLD) and Property Finder.
The base year of Mo’asher is 2012, and the base month of the monthly index is January 2012. In September 2021, the overall monthly index was 1.115, the index price was AED 1,065,816, the monthly apartment index was 1.14, and the index price was AED 954,524. The monthly index of villas/townhouses was recorded at 1.098, and the index price was AED 1,940,843. .
In the third quarter of 2021, the overall quarterly index is 1.128, the index price is 1,053,263 dirhams, the apartment quarterly index is 1.134, the index is 946,644 dirhams, the villa/townhouse quarterly index is 1.124, and the index price is 954,1,022 dirhams Ram.
Overview September 2021
There were 5,762 transactions valued at AED 16.2 billion in September 2021, making it the best September on record in the past eight years. This brings the total year-to-date sales transactions to 43,299, valued at AED 104.3 billion. In just 9 months, the real estate sales transaction volume has increased by 45.15% compared to 2020 as a whole, which is already the highest annual sales figure since 2017.
In September 2021, 56% of all sales transactions were second-hand/off-the-shelf properties and 44% were unplanned properties. When we look at the volume of sales transactions, there were 2,530 properties traded in the off-plan market with a total value of Dh5.1 billion. This is the highest off-plan sales transaction value in the Dubai real estate market in 8 years. There were 3,232 sales transactions valued at AED 11.1 billion in the secondary market.
Overview of the third quarter of 2021
In terms of sales transaction volume, the third quarter of 2021 is the best third quarter in the history of Dubai’s real estate industry, and also the third quarter with the best sales transaction volume since 2009, in which 15,927 sales transactions with a value of 423.5 were recorded Billion dirhams.
Compared with the third quarter of 2020, the sales transaction volume in the third quarter of 2021 increased by 85.36%, and the sales transaction volume increased by 135.42%. From another perspective, compared with the time before the outbreak (such as the third quarter of 2019), the transaction volume in the third quarter of 2021 increased by 64.51%, and the sales transaction volume increased by 138.81%.
In the third quarter of 2021, 56.6% of all sales transactions were second-hand/off-the-shelf properties, and 43.38% were unplanned properties. In terms of transaction volume, 6,909 properties were transacted in the off-plan market with a total value of AED13.5 billion, and 9,017 properties were transacted in the secondary market with a total value of AED 28.85 billion.
Compared with the second quarter of 2021, the transaction volume of off-plan housing sales increased by 14.67%, and the transaction volume of second-hand/existing housing sales fell by 6.02%. The volume of off-plan housing transactions increased by 47.11%, and the volume of second-hand transactions increased by 4.24%.
To download Mo’asher, please visit the following link:
https://dubailand.gov.ae/en/open-data/research/sales-house-price-index-september-2021/
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