June Real Estate Dubai Market Sales Hit Highest Volume
- Publish date: Thursday، 22 December 2022 | Last update: Wednesday، 24 April 2024
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According to Mo’asher, Dubai’s official sales price and rental performance index, Dubai’s real estate market recorded a total of 8,897 sales transactions worth AED22.75 billion, the highest volume of sales transactions for the month of June in the past nine years,
The month of June witnessed a 34 percent increase in volume and a 24.8 percent increase in value compared to May 2022. 60.05 percent of all sales transactions recorded were for secondary properties and 39.95 percent were for off-plan properties.
The off-plan market transacted 3,554 properties worth a total of AED7.057 billion and the secondary market transacted 5,343 properties worth AED15.692 billion.
Read More: Dubai Retail Prices Set to Rise Steadily
The top areas that observed the highest rental transactions in June 2022 were Jebel Ali First (1423 contracts), Al Warsan First (1311), Al Barsha South Fourth (1250), Marsa Dubai (1202), and Business Bay (1148).
According to Property Finder proprietary data, the top searched areas for apartment rentals in June were Dubai Marina, Downtown Dubai, Business Bay, Jumeirah Village Circle, and Jumeirah Lake Towers. While, the top searched areas for villa/townhouses were Dubai Hills Estate, Jumeirah, Al Barsha, Akoya, and The Springs.
This article was previously published on UAE Moments.To see the original article, click here