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The value of Dubai’s property sales transactions in April hit a four-year high of Dh10.97 billion, according to listings portal Property Finder. This is the highest value of monthly property transactions since March 2017.
Seventy per cent of transactions in April were valued up to Dh2 million, while 23 per cent were between Dh2m to Dh5m, 4 per cent were between Dh5m to Dh10m and 3 per cent more than Dh10m, Property Finder said on Thursday. Dubai has registered a total of 16,577 property transactions worth Dh36.12bn since the start of 2021, it added.
The UAE s property market slowed in the wake of oversupply and a three-year oil price shake-up that began in 2014. The coronavirus-induced economic slowdown further pressured the market in 2020.
Dubai s ready villa/townhouse sales hits new high in Q1
DUBAI, 6 hours, 36 minutes ago Dubai s residential sector witnessed increased activity in the first quarter with a total of 2,231 ready villas/townhouses having been sold during the period compared to 673 last year, acording to UAE real estate portal Property Finder. The pandemic brought forth a lot of new trends into the real estate sector, not only in Dubai but across the world. One of the most significant trends was a clear increase in demand for villa/townhouses which have transpired into sales transactions, stated Property Finder in its report. In Q1, the transaction numbers were higher than ever and registered record breaking month-on-month sales for ready properties, with the villa/townhouse segment leading the way, said the report.