Dubai property market is constantly growing

According to the latest data, November has become the busiest month in terms of property sales in the last eight years on Dubai property market, as buyers continued to buy villas and apartments. 

Dubai has seen 6,388 deals worth AED 14.79 billion ($ 4 billion), the highest level since December 2013.

Transactions volume for the month increased by 44% compared to May.

The total number of transactions for the second quarter of the year reached 15,638, for a total of AED 36.86 billion, resulting in 27,373 transactions totalling AED 61.97 billion in the year to date.

Demand for houses in the UAE has surged after restrictions on Covid-19 were eased last year.

However, purchasing activity is still focused on the secondary market, which accounted for 61.5% of real estate transactions in June alone.

Real estate outside the plan accounted for 38.5% of transactions.

Among apartment buyers, Meydan was a popular choice, accounting for 15% of sales, followed by Jumeirah Lake Towers (9.3%), Dubai Marina (8%), Business Bay (6.8%), Downtown Dubai (6.6%), Mohammed bin Rashid City (6.3%), Jumeirah Village Circle (5.4%), Palm Jumeirah (3.9%), Jumeirah Beach (3%) and Dubai Port (3%).