6,388 sales transactions recorded in Dubai in June 2021

Deals in June were 44.33 percent higher in terms of volume, and 33.2 percent higher in terms of value compared to May.

According to the 16th edition of Mo’asher, Dubai’s official sales price index, the emirate's real estate sector recorded 6,388 sales transactions in June 2021 worth USD 4 billion, which is the highest value of sales in eight years.

Compared to May 2021, the sales transactions in June 2021 were 44.33 percent higher in terms of volume, and 33.2 percent higher in terms of value.

The base year for Mo’asher is 2012, the base quarter for the quarterly index is Q1 2012 and the base month for the monthly index is January 2012. In June 2021, the overall monthly Index recorded 1.07 and an index price of USD 274,876, the apartments monthly Index recorded 1.088 and an index price of USD 246,377 and the villas/townhouses monthly index recorded 1.013 and an index price of USD 496,159.

In Q2 2021, the overall quarterly index recorded 1.108 and an index price of USD 278,676, the apartments quarterly index recorded 1.118 and an index price of USD 252,509 and the villas/townhouses quarterly index recorded 1.076 and an index price of USD 511,898.

Thanks to the results achieved in June 2021 together with the number of sales transactions reached in April (4,824 transactions) and in May (4,426 transactions), Q2 turned out to be quite profitable. It had the highest quarterly volume of sales transactions since Q4 2013. 15,638 sales transactions worth USD 10 billion were registered during the period, which is 33.26 percent more than in Q1 2021 in terms of volume and 46.76 percent more in terms of value.

This brings the year-to-date total to 27,373 sales transactions worth USD 16.8 billion. To put this into perspective, 2020 had a total number of 35,041 sales transactions worth USD 19.5 billion. This confirms the sustainability of the high growth rate in the performance of the emirate's real estate sector in 2021.

Comparing real estate sales transactions in both June 2021 and Q2 2021 with similar periods in 2020 and 2019, the market has had a significant growth and COVID-19 was a growth accelerator for it.

According to the real estate platform Property Finder demand data, the top areas of interest in terms of sales transactions for villas/townhouses in Q2 2021 were Mohammed Bin Rashid City, Dubai Hills Estate, Dubai Land, Green Community and Town Square.

As for apartments for the same period, the greatest areas of interest were Jumeirah Lake Towers, Dubai Marina, Meydan, Jumeirah Village Circle and Downtown Dubai.