Property gross sales in Dubai have been on the highest stage in 16 months, in keeping with new analysis.
Figures from Mo’asher, the official gross sales worth index from Dubai Land Division (DLD) in cooperation with Property Finder, recorded 4,643 transactions price Dh10.9 billion final month.
Total, transaction numbers grew 23 per cent and in worth phrases, offers grew 47 per cent in March in comparison with February.
The bottom 12 months for Mo’asher is 2012 and the bottom month for the month-to-month index is January 2012, with the bottom quarter for the quarterly index being quarter considered one of 2012.
Quarter considered one of 2021 had 11,753 gross sales transactions price Dh25 billion.
In complete, quarter considered one of 2021 had six per cent extra actual property gross sales transactions than quarter considered one of 2020, 16 per cent extra for secondary properties and 7 per cent much less for off-plan properties.
When in comparison with quarter considered one of 2020, quarter considered one of 2021 had 15 per cent extra complete gross sales transactions, 70 per cent extra for secondary properties and 29 per cent much less for off-plan properties.
The highest areas of curiosity when it comes to searches for villas/townhouses in March have been Dubai Hills Property, Arabian Ranches, Palm Jumeirah, Mohamed bin Rashid Metropolis and Damac Hills.
As for flats for a similar interval, the highest areas of curiosity have been Dubai Marina, Downtown Dubai, Palm Jumeirah, Enterprise Bay and Jumeirah Village Circle.
