Dubai records Dhs14.79bn in real estate sales for June 2021

Dubai’s real estate sector recorded 6,388 sales transactions in June 2021, worth Dhs14.79bn, according to the 16th edition of Mo’asher, Dubai’s official sales price index.

This was the highest value of sales in eight years, state news agency WAM said quoting officials.

The sales transactions in June 2021 were 44.33 per cent higher in terms of volume, and 33.2 per cent higher in value compared to May 2021.

The results achieved in June 2021, in addition to the number of sales transactions reached in April (4,824) and May (4,426), made for a profitable Q2, which had the highest quarterly volume of sales transactions since Q4 2013, with 15,638 sales transactions worth Dhs36.86bn, 33.26 per cent more than Q1 2021, in terms of volume, and 46.76 per cent more in terms of value.

This brings the year-to-date total to 27,373 sales transactions worth Dhs61.97bn. In comparison, 2020 witnessed a total of 35,041 sales transactions worth Dhs71.87bn.

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 Dhs1,009,593; the apartments monthly index stood at 1.088 and an index price of Dhs904,920; and the villas/townhouses monthly index was 1.013 at an index price of Dhs1,822,343.

In Q2 2021, the overall quarterly index was 1.108 and an index price of Dhs1,023,552; the apartments quarterly index recorded 1.118 and an index price of Dhs927,442 and the villas/townhouses quarterly index recorded 1.076 and an index price of Dhs1,880,153.

According to proprietary 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.

Read: June 2021: Dubai records highest volume of property sales transactions in 8 years

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.