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October 03, 2020
DUBAI: The third quarter registered a total of 8,727 property sales transactions worth Dh18.376 billion.
Property transactions in Dubai recorded a strong rebound in the third quarter compared to the previous quarter, signaling that the real estate market is undergoing a full V-shaped recovery.
According to Data Finder, the real estate insights and data platform under the Property Finder group, the third quarter registered a total of 8,727 property sales transactions worth Dh18.376 billion, up 55.76 per cent in volume and 67.71 per cent in value compared to the second quarter. This brings the overall total for sales transactions this year to 24,573 with a total value of Dh49.39 billion.
• prime areas where in high demand which has caused multiple buyers and bids on properties
• sale prices in prime areas have risen while rents have consistently stayed the same
• the market offered best combination for mortgage rates and low down payments, which stimulated sales
In September, the real estate sector witnessed 3,853 property sales transactions which were 56.56 per cent higher than the month of August and 59.68 per cent higher than the month of July.
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