The total transaction value of residential real estate increased by 10% when compared quarter-on-quarter. In the second quarter of 2021, the total amount of transactions amounted to $ 8.4 billion, in the third quarter - $ 9.2 billion.
This result exceeded the last quarterly record of $ 8.6 billion recorded in the fourth quarter of 2013.
Finished real estate amounted to $ 5.6 billion of the indicated amount. Off-plan real estate sales rose 48% QoQ to $ 3.6 billion.
According to Property Finder, the most popular areas for buying finished real estate are:
- Damac Hills 2;
- Nad Al Sheba;
- The Springs;
- Dubai Hills Estate;
- Arabian Ranches.
Specifically for apartments, Dubai Marina, Business Bay, Jumeirah Village Circle, Downtown Dubai and JLT are leading.
In terms of off-plan, the leaders are:
- Arabian Ranches 3;
- Tilal al Ghaf;
- The Valley;
- Dubai Land;
- MBR City.
Specifically for the apartments: Dubai Harbor, MBR City. Dubai Creek Harbor, Business Bay and Downtown Dubai.
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