DLD’s Mo’asher tracks highest-ever number of quarterly realty transactions since 2010.
Dubai’s real estate market recorded a total of 25,972 real estate transactions in Q1, 2022, marking it the highest number of real estate transactions since 2010 registered in a single quarter and the highest volume since Q1 2014.
The Mo’asher, Dubai’s official sales and rental performance index launched by Dubai Land Department (DLD) in cooperation with Property Finder, highlighted Dubai’s real estate market significant growth and continuous upward trend while it continues to provide vital insights and transparency into the Dubai real estate market.
In March 2021, the overall monthly Index for sales recorded 1.249 and an index price of Dhs1,215,672, the apartments monthly Index recorded 1.285 and an index price of Dhs1,100,294, and the villas/townhouses monthly Index recorded 1.297 and an index price of Dhs2,100,519.
Meanwhile, the overall monthly index for rental in March 2021 recorded 0.950 and an index price of Dhs51,322, the apartments monthly Index recorded 0.953 and an index price of Dhs47,294, and the villas/townhouses monthly Index recorded 0.865 and an index price of Dhs131,313.
In Q1 2022, the overall quarterly Index for sales recorded 1.251 and an index price of Dhs1,186,002, the apartments quarterly Index recorded 1.26 and an index price of Dhs1,067,385, and the villas/townhouses quarterly Index recorded 1.234 and an index price of Dhs2,094,633.
On the other hand, thee overall quarterly index for rental in Q1, 2022 recorded 0.947 and an index price of Dhs51,177, the apartments quarterly Index recorded 0.967 and an index price of Dhs46,952, and the villas/townhouses quarterly Index recorded 0.851 and an index price of Dhs131,639.
Dubai Real Estate had 8,399 sales transactions worth Dhs22.58 billion in March 2022; the number of these sales transactions are the highest recorded in the past 7 years. This is an 83 per cent increase in total sales transactions compared to March 2021 and a 109 per cent increase in sales value.
The top three transactions were a land in Madinat Dubai Almelaheyah sold for Dhs212.6 million, followed by a land that was sold for Dhs53 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for Dhs212.6 million in Madinat Dubai Almelaheyah in third place.
A total of 1,733 real estate and property transactions valued at Dhs4.3 billion were registered during the week ending 15th April, 2021.
The UAE’s real estate market is currently experiencing renewed vigor and momentum, which can be attributed to peaked rental and capital appreciation across some of the high-end properties located in the country.
The International Monetary Fund (IMF) on Friday slashed its US economic growth forecast as aggressive Federal Reserve interest rate hikes cool demand but predicted that the United States would “narrowly” avoid a recession.
Dubai has recorded 2,624 real estate and properties transactions at a value of Dhs 8 billion in total during the week ending 24th June 2022. The DLD report said that 274 plots were sold for Dhs1.15 billion,
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa) and Chairman of Enoc and Dragon Oil, Mikayil Jabbarov, the Minister of Economy