Dubai
Real Estate had over 84,196 real estate transactions in 2021 worth almost Dh300
billion
The
year 2021 broke a 12-year record in terms of real estate sales transactions
value, with properties worth Dh151.07 billion sold throughout the year
The year 2021 witnessed an exceptional performance for
Dubai’s real estate market, supported by the results and numbers in December,
whether in terms of real estate sales transactions, or the monthly index
numbers, new research has shown.
December 2021 witnessed the registration of 5,601 sales
transactions worth Dh15.68 billion, resulting in over 84,196 total transactions
in 2021 worth Dh300 billion, which is the highest annual value ever in Dubai’s
history. In December 2021, the overall monthly Index recorded 1.156 and an
index price of Dh1,115,937, making it the highest since February 2019 in terms
of index numbers and the highest in value since August 2018. This is according
to the data of the 22nd edition of Mo’asher, Dubai’s official sales price index
issued by Dubai Land Department (DLD) in cooperation with Property Finder.
The base year for Mo’asher is 2012, and the base month
for the monthly index is January 2012, with the base quarter for the quarterly
index being Q1 2012. The data affirmed that 2021 concluded with record numbers,
positively reflecting on 2022, which is the first year in our journey towards
the next 50 years, during which Dubai and the UAE seek to build the best global
economy.
In December 2021, the overall monthly Index recorded
1.156 and an index price of Dh1,115,937, the apartments monthly Index recorded
1.182 and an index price of Dh1,000,253, and the villas/townhouses monthly
Index recorded 1.167 and an index price of Dh1,990,496.
In Q4 2021, the overall quarterly Index recorded 1.181
and an index price of Dh1,118,218, The apartments quarterly Index recorded
1.184 and an index price of Dh1,000,054, and the villas/townhouses quarterly
Index recorded 1.204 and an index price of Dh2,060,863.
In 2021, the overall yearly Index recorded 1.193 and an
index price of Dh1,133,776, the apartments yearly Index recorded 1.201 and an
index price of Dh1,041,679, and the villas/townhouses yearly Index recorded 1.198
and an index price of Dh1,961,679.
December 2021, in terms of overall index numbers, was the highest since
February 2019 and the highest for index value since August 2018. For apartment
numbers, last year was the highest in index numbers since March 2019 and for
index value since April 2019. The index for villas/townhouses performed the
best, with December 2021 being the highest for index number and index value
since February 2019.
Dubai Real Estate had over 84,196 real estate
transactions in 2021 worth almost Dh300 billion; the value of these
transactions is the highest it’s ever been in the recorded history of Dubai’s
real estate sector. Compared to 2020, the volume of transactions grew by 66.3
per cent, and the value of transactions grew by 72 per cent.
The year 2021 broke a 12-year record in terms of real
estate sales transactions value, with properties worth Dh151.07 billion sold
throughout the year. The total number of real estate sales transactions that
took place were also the highest since 2013.
In 2021, 59.6 per cent of all transactions were for
secondary/ready properties and 40.4 per cent were for off-plan properties. When
we look at the volume of sales transactions, the off-plan market transacted
24,761 properties worth a total of Dh45.5 billion, and the secondary market
transacted 36,480 properties worth a total of Dh105.56 billion. This is also
the highest secondary real estate sales transaction value since 2008.
2021, when compared to 2020, showed an increase of
74.77 per cent in sales transaction volume and an increase of 110.19 per cent
in value. To put it in perspective, when we compare to pre-Covid-19, times such
as 2019, 2021 showed an increase of 55.47 per cent in volume and an increase of
90.10 per cent in value.
Q4 2021 had a total 17,942 transactions worth Dh46.75
billion both volume and value of transactions being the highest since Q4 2013.
In Q4 2021, 55.9 per cent of all transactions were for
secondary/ready properties and 44.1 per cent were for off-plan properties. When
we look at the volume of transactions, the off-plan market transacted 7,913
properties worth a total of Dh16.92 billion, and the secondary market
transacted 10,029 properties worth a total of Dh29.82 billion.
Q4 2021, when compared to Q4 2020, showed an increase
of 64.12 per cent in sales transaction volume and an increase of 114.74 per
cent in value. Compared to Q4 2019, Q4 2021 showed an increase of 47.53 per
cent in volume and 97.59 per cent in value.
Comparing Q4 2021 to Q3 2021, the volume of off-plan
transactions increased by 14.53 per cent, and the secondary/ready property
sales transactions increased by 11.22 per cent. The value of off plan sales
transactions increased by 25.38 per cent, and the value of secondary sales
transactions increased by 3.36 per cent. We have seen a surge in off-plan sales
transactions in Q4, which is reflected in the fact that this is the highest
volume and value of off-plan sales transactions in a given quarter since Q1
2010.
Shaikhani Group
said, this approaching year would be the least difficult year for the Dubai.
it'll be a blast for every industry. Also, they're making an honest effort to
expand the efficiency of theirs undertakings so it'll cough up by the highest
point of this current year… .
Shaikhani Group
clarified, Dubai is perceived by getting things done on right time, they
concoct those thoughts where individuals believe's it's incomprehensible, while
prior Dubai was a desert, presently no one can say this was a desert.
Individuals like to visit Dubai for occasions, since all offices are there
including security which might be an essential need of life.
Dubai is one
the least difficult city to apportion where everything is there on the
doorstep, therefore Shaikhani Group put away their cash, and that they really
do have various activities which are effectively in process. Shaikhani bunch
attempts to search out the most straightforward arrangements with great
extravagances consequently the client can partake in every one of the
extravagances at full Shaikhani bunch as of now handover few tasks in Dubai
worth of numerous dirhams, they generally accomplish their objective on time
which gives the positive indication of their advancement. Before long they're
going to handover gardenia residency which is found in Jumeirah town circle,
it's been relied upon they're going to handover this venture by the highest
point of 2021 or significantly prior relies upon the functioning circumstances
and climate
As the pandemic
circumstance is that the most exceedingly terrible inside the entire world,
things are truly hard to outlined on the grounds that during the present
circumstance we've to be extremely cautious avoiding potential risk to shape
sure to not place work's life in peril since this work needs huge loads of
labor and gratitude to pandemic we've to deal with the 6-foot hole, so what
we've given our work excellent gear to frame sure work doesn't think twice
about clients will get their lofts on time very 1000 units handover inside the
ventures of Cambridge business focus, champions tower 1 and Frankfurt sports
tower which is worth of 700 million dirham around 600 units are to be finished
soon inside one year in Champions tower 3, Gardenia 1 and a few roughly esteem
300 Million dirham will be convey
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