Best September in Dubai's real estate in the past 8 years: 5,762 sales transaction worth USD 4.4 billion

Best September in Dubai's real estate in the past 8 years: 5,762 sales transaction worth USD 4.4 billion

56 percent of all September sales were for secondary/ready properties, while 44 percent accounted for off-plan properties.

In the months leading up to the start of the global event Expo 2020, an exceptional growth in real estate sales transactions in terms of volume and value was seen in Dubai. But the greatest results were achieved in September 2021, which recorded the highest value of real estate sales in one month since December 2013. September had 5,762 sales transaction worth over USD 4.4 billion, bringing the year-to-date total value to over USD 27 billion. This data is found in the 19th edition of Mo’asher, Dubai’s official sales price index by Dubai Land Department (DLD).

The base year for Mo’asher is 2012 and the base month for the monthly index is January 2012.

In September 2021, the overall monthly Index recorded 1.115 and an index price of USD 290,172, the apartments monthly Index recorded 1.14 and an index price of USD 259,872 and the villas/townhouses monthly index recorded 1.098 and an index price of USD 528,401.

In the third quarter of 2021 the overall quarterly Index recorded 1.128 and an index price of USD 286,754. Apartments quarterly index recorded 1.134 and an index price of USD 257,727 and villas/townhouses quarterly index recorded 1.124 and an index price of USD 532,201.

5,762 properties worth USD 4.4 billion were transacted in September 2021, making it the best September on record in the past 8 years. So the year to date totals 43,299 sales transactions worth USD 28.3 billion. Just in 9 months the value of real estate sales transactions exceeded 2020 as a whole by 45.15 percent. Moreover, it is already the highest yearly sales figure since 2017.

56 percent of all September sales were for secondary/ready properties, while 44 percent accounted for off-plan properties. As for the volume of sales transactions, the off-plan market sold 2,530 properties valued at a total of USD 1.3 billion. This is the highest result for off-plan sales transactions in terms of value seen in the Dubai real estate market for over 8 years. The secondary market recorded 3,232 sales transactions worth USD 3 billion.

 

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