Dubai's real estate market recorded the best ever quarter since 2010, with a striking total of 20,539 sales transactions valued at AED 55.5 billion.\
With investors from Europe claiming premium hotspots in the top-10 list of Dubai real estate. Investors from India and Pakistan also made substantial investments in Dubai real estate this quarter, which saw a huge increase in Canadian, Russian, China, and investors from Lebanon which also came into the top-ten list.
Secondary real estate market continues to glow
The secondary market leads the way in the real estate sector at around 58% of total sales transactions, the remaining primary sales were recorded at 42%.
In April, the Dubai real estate market relished its second-highest ever April of transactions. 60% of transactions were secondary properties and 40% were off plan. This results in a 46% increase in volume and a 67% increase in year-on-year value after a record-breaking month just previously in March.
A rising trend to continue
As we saw in April an astonishing total of 7,009 sales transactions worth AED 18.3 billion. The second-highest April on record, April 2009 being the highest so far. The top areas in April for villas and townhouses were Arabian Ranches 3 for off plan and Dubai Hills Estate for the secondary market.
A continuous rise in the market is expected, with more foreign investors streaming into the market. As Expo 2020 attracted numerous first-time investors who eventually decided the Dubai real estate market is worth investing in especially with recent law and visa changes making it a much more manageable place to invest and potentially live.
For more Dubai real estate insights, or if you wish to speak to one of our specialists, get in touch with us below:
#dubaiproperties #dubairealestate #dubai #dacha #realestate
Are you looking for a property in Dubai?
Opening Hours:
Monday - Friday
9:30 AM - 18:30 PM
Saturday & Sunday - Closed
Other News & Insights
List your property
