Sunday, July 3, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Real Estate

Emirates News Agency – Dubai records 4,429 real estate transactions worth AED11.11 billion in May

MtR by MtR
June 20, 2021
in Real Estate
0


DUBAI, 20th June, 2021 (WAM) — The number of real estate transactions in the Emirate of Dubai in May 2021 reached 4,429, the highest total sales transaction values since March 2017 in excess of AED11.11 billion, with a growth of 1.4 percent compared to last April.

A total of 20,989 real estate sale transactions were recorded from January to May worth AED 47.19 billion, according to Mo’asher, Dubai’s official sales price index.

It added that Dubai’s real estate market has achieved a new record, the highest over the past four years in terms of the value of real estate sales transactions, thus highlighting the emirate’s attractiveness and flexibility in attracting real estate investments, and emphasising Dubai as one of the best global real estate destinations and the most capable of adapting to various conditions and global developments.

The 15th edition of price index, launched by Dubai Land Department (DLD), in cooperation with Property Finder, shows that May 2021 had the highest total sales transaction values since March 2017 in excess of AED11.11 billion, with a growth 1.4 percent compared to last April.

The base year for Mo’asher is 2012 and the base month for the monthly index is January 2012. In May 2021, the overall monthly Index recorded 1.071 and an index price of AED 1,007,529, the apartments monthly Index recorded 1.085 and an index price of AED 904,476 and the villas/townhouses monthly Index recorded 0.993 and an index price of AED 1,773,164.

The total number of sales transactions grow by 215 percent and the total value of sales transactions by 357 percent since May 2020. To break this down, the off-plan market sales transactions volume grew by 74 percent since last year, and the secondary market, which has been in high demand since the pandemic started, has grown by over 466 percent .

In May 2021, 62 percent of all transactions were for secondary/ready properties in May 2021 and 38 percent were for off-plan properties. In addition, 77 percent of sales transactions were for apartments and 23 percent were for villa/townhouses. When we look at the volume of transactions, the off-plan market transacted 1,674 properties worth AED 2.58 billion and the secondary market transacted 2,755 properties worth AED 8.53 billion.

In the villas/townhouses sector, 10.1 percent of all sales in May 2021 took place in Mohammed bin Rashid City, followed by Dubailand (7.6 percent), Dubai Hills Estate (7.4 percent), Arabian Ranches 3 (6.5 percent) and Town Square (6.4 percent). Looking at apartments, 10.8 percent of all sales transactions took place in Jumeirah Lake Towers, followed by Dubai Marina (9.2 percent), Jumeirah Village Circle (8.6 percent), DownTown Dubai (7.4 percent), and Business Bay (5.7 percent) according to data from Property Finder.

According to proprietary Property Finder demand data, the top areas of interest in terms of searches for villas/townhouses in May 2021 were Dubai Hills Estate, Arabian Ranches, Palm Jumeirah, Damac Hills, and Mohamed bin Rashid City. As for apartments for the same period, the top areas of interest were Dubai Marina, Downtown Dubai, Palm Jumeirah, Business Bay, and Jumeirah Village Circle.

 



Source link

Related articles

McDonald Real Estate Stratford AFC football teams give it their all at club day

July 3, 2022

Agent Spotlight: Shelly Ramos – The Grand Junction Daily Sentinel

July 3, 2022

Related Posts

McDonald Real Estate Stratford AFC football teams give it their all at club day

by MtR
July 3, 2022
0

Mathew Jamieson from Inglewood challenges Baylie Bright. Photo/ SuppliedWith all teams home, McDonald Real Estate Stratford AFC was a hive...

Agent Spotlight: Shelly Ramos – The Grand Junction Daily Sentinel

by MtR
July 3, 2022
0

Agent Spotlight: Shelly Ramos  The Grand Junction Daily Sentinel Source link

When will commercial real estate market pivot? – Orange County Register

by MtR
July 3, 2022
0

Much has been written lately about economic storm clouds massing on the horizon. If you doubt what I say, pick...

Region specific training for real estate agents welcomed by Timaru ambassador

by MtR
July 3, 2022
0

AIMAN AMERUL MUNER/StuffHarcourt Timaru’s Julian Blanchard, left, met with REINZ head of education Chris Campbell in Timaru on Friday.Region specific...

LACKIE: In Toronto real estate, the party’s over

by MtR
July 3, 2022
0

Breadcrumb Trail Links Toronto & GTA Real estate sales in Toronto aren't going down, despite the pandemic. Photo by Files...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Belagavi Postal Division Tops In Gold Bond Sale | Hubballi News

July 3, 2022

Record Breakers: Four key commodity predictions from Canberra’s pen-pushers

July 3, 2022

Mahathir: Deeper currency markets have cut risk of Asian financial crisis repeat – Nikkei Asia

July 3, 2022

4 men convert duped money into cryptocurrency to hide trail, held

July 3, 2022

Recent News

Belagavi Postal Division Tops In Gold Bond Sale | Hubballi News

July 3, 2022

Record Breakers: Four key commodity predictions from Canberra’s pen-pushers

July 3, 2022

Mahathir: Deeper currency markets have cut risk of Asian financial crisis repeat – Nikkei Asia

July 3, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter