Q2 2021

Dubai Real Estate Market Report


Morgan’s International Realty’s quarterly reports reflects the latest market trends and gives a comprehensive view of Dubai’s residential & commercial property markets, the data is acquired from a vast number of reliable sources and it will offer our readers a deep view of the market performance, price movement, hottest communities and much more. 

Q2 2021

Dubai Real Estate Market Report


Morgan’s International Realty’s quarterly reports reflects the latest market trends and gives a comprehensive view of Dubai’s residential & commercial property markets, the data is acquired from a vast number of reliable sources and it will offer our readers a deep view of the market performance, price movement, hottest communities and much more. 

HIGHLIGHTS

The transaction activity in Dubai has increased in both the number of transferred properties and their value by 33% and 47% respectively, as compared to Q1 2021. 

June 2021 has registered the highest number of real estate transactions since December 2013, with 6,388 properties being transferred at a total value of 14.7 Billion AED. 

The value of off-plan property transactions has increased by 85% as compared to the previous quarter, while ready property transfers have increased by 38% in terms of the value of properties sold. 

During Q2 2021, 254 luxury properties were sold at a price above 10 million AED, with a total value of 4.89 billion AED, indicating a 67% increase quarter-on-quarter. 

Palm Jumeirah registered the highest value of properties sold within the quarter at a total worth of 4.27 billion AED. 

Residential property prices have risen by 10.8% quarter on quarter. 

The commercial property market has performed quite well, with a 30% and 42% increase in the volume and value of commercial spaces transferred respectively. 

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