Dubai’s real estate sector will sustain upward growth this year
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The period from July to September recorded 25,456 sales transactions as market momentum continues
This trend is driven by affordability, as prices reached 10-year lows, record-low interest rates, LTV up to 85 percent.
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A total of 182 plots were sold for $329mln, 1,140 apartments and villas were sold for $435mln
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A total of 2,457 properties worth Dh4.73bn were sold last month, an annual increase of 11.3%
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Town Square has become one of the most popular communities to buy apartments across Dubai.
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The figures indicate that Dubai’s real estate sector is gradually returning to normal, driven by the stimulus packages and initiatives launched by the government and its departments in the past few months.
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There were more than 570 transactions per week on average in June and the secondary property market in Dubai has recovered to pre-coronavirus levels.
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The new system allows direct interaction between the seller and buyer and the finalisation of procedures through audio-visual communication.
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The month also sets the record of second highest off-plan sales in Dubai since 2008
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