Dubai real estate transactions have reached a 13-year high
Following the completion of Expo 2020, Dubai experienced 6,983 actual property revenue transactions of $4.nine billion (AED 18.2 billion) in April 2022, the most for the month since 2009.
Secondary marketplace income sales accounted for 60% of the total, with 4,212 deals worth AED 12.86 billion, while off-plan homes accounted for 40%, with 2,771 units for a total of AED 5.33 billion.
Scott Bond, UAE Country Manager at Property Finder, commented on the market: “All eyes have been on the actual property overall performance put up Expo 2020, and with April 2022 acting the best since 2009, the data is a strong testimony to the developing enchantment for the Dubai Real Estate Market.” “We also notice a tremendous feeling for financing opportunities as a result of several governmental measures, such as the most recent new classes added to the Golden Visa regulations, making Dubai’s houses one of the most preferred funding property for the long term.”
April 2022 had 45.48 percent more transactions than April 2021, resulting in a 66.62 percent increase in value. This assumed a 46.2 percent increase in secondary quantity and a 63.86 percent increase in value. Off-plan houses had a 44 percent increase in revenue transactions and a 73.68 percent increase in value.
According to Property Finder’s exclusive request for statistics, the most popular areas of interest in terms of transactions for villas/townhouses in April 2022 were Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, and Damac Hills (Akoya through DAMAC), and The Springs.
For the same period, the most popular residential areas were Dubai Marina, Downtown Dubai, Palm Jumeirah, Business Bay, and Jumeirah Village Circle.
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