Ready-made real estate on demand growth

Ready-made real estate on demand growth

Monthly growth data showed that the ready-made real estate market recorded an increase in purchases of objects, both in money and through mortgages, by 48.1%. At the same time, the number of Oqood agreemnets for «off-plan» real estate (approx. «at the construction stage») decreased by 5.8%.

Thus, «off-plan» sector took 42.9% of all residential real estate transactions in the emirate.

However, this sector had something to be proud of the sale of five-bedroom apartments in Business Bay for USD 18.7 million.

Best areas for «off-plan» real estate sales

The list of leaders in attracting investor money to projects under construction are the following: Meydan One (14.8%), Business Bay (11.4%), Dubai Creek Harbour (7.2%) and Jumeirah Village (6.9%).

Dubai Lagoons (10.5%), Al Furjan (9.3%), Jumeirah Village (8.5%), Business Bay (7.3%) and Dubai Marina (4.9%) are the leaders in the frequency of transactions.

Jumeirah Village and Al Furjan broke their own records for the number of properties sold in a month. The previous maximum was set back in 2010.

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