According to Property Finder, 9,317 property
transactions took place in Dubai. The period from January 2019 to March 2019
witnessed it. Those transactions valued AED21,200,000,000. Property Finder is a
UAE based property portal.
Property Finder gives one bit of relevant
information. It covers the first quarter of 2019. It is about transactions in
Dubai. A balance in off-plan and
secondary market appeared in the said time.
New research adds to the information. It
centres a particular period. It is from
January 2019 to April 2019. There took place thirteen deals. Each had AED 100,000,000
worth. 100,000,000 AED deals equal 27 million US Dollars worth transactions.
Property Finder mentioned 37 particular
commercial real estate transactions. Master Developers matured these
transactions. Their collective worth exceeded AED 50 million mark. It is that principle attraction. Those
commercial properties included:
- Schools
- Hospital
- Land tracts (plots)
Following is the breakdown of purchase
properties. Emaar bought 3 plots in
Arabian Ranches in February. Those valued AED 325,000,000. April witnessed five
hotel transactions. These valued AED 17,000,000,000.
Emaar sold:
- Dubai Mall
- Boulevard
- Dubai Marina
- Vida Downtown
- Manzil Downtown
to Abu Dhabi National Hotels.
Property finder revealed that balance
between off-plan and secondary market selling and buying continued in:
- January
- February
- March
of 2019.
The first quarter saw Dubai counting 9,317 transactions in total. These
transactions noted AED 21,200,000,000 worth business in the aforesaid quarter.
The report found balance a breeze. Simply, it was a stabilizing factor. It signified
maturity. Both investors and end users exuded this maturity. Real estate market
was the venue here.
Lynnette Abad added more information. She
relates to Property Finder. She is Research and Data Director at Property
Finder. She opined market activity wasn’t slowing down. She noted emergence of many maturity signs. This Lynnette
Abad information concerned last year.
Construction is in full swing. Many projects support it. New areas are seeing
construction. Under-constructions units
are about to bear fruit. These are about to complete. Transactions are emitting
good omens. These transactions take place in:
- Off-plan
- Secondary markets
According to Ms. Abad, Dubai property
market grew in the first quarter of 2018. The value of deals grew. It was 7.9
on the percentage scale. The value of deals grew
by 7.9%. This growth re-visited
in Q1 2019. This time it was greater. It was 0.65 greater than last time.
On the volume scale:
- It was 4,967 in the off-plan
- These deals valued AED 13,300,000,000
- It was 4,350 in secondary market
- These transaction valued AED 7,8000,000,000
- It was an almost equal split.
Off-plan transactions topped in:
- Dubai Hills State
- Downtown
- Business Bay
- In the first quarter
On the other
hand, secondary markets transactions topped in:
- International City
- Dubai Marina
- Palm Jumeriah
- Business Bay
Following lists categorized sale
statistics.
Off-plan market splits villa andtownhouse sale data into two categories:
- Townhouse and villa community
- Townhouse and villa projects
This is the
first category data. Sales of villa and
townhouse communities topped in:
a.
Emaar South in Dubai South
b.
Arabian Ranches 2
c.
Dubai Hills Estate
This is the
second category data. Villa and townhouse
project sales topped in:
a.
Expo Golf Villas in Dubai South
b.
Arabian Ranches 2:
c.
Camelia
d.
Reem
Property Finder Provided Secondary
Market Statistics
The secondary market witnessed end-users
purchasing. Mostly villas and townhouses were bought. These communities were:
a.
Emirates Living:
i. Springs
ii. Lakes
iii. Meadows
b.
Arabian Ranches
c.
Al Furjan
Regarding off-plan market:
a.
Dubai Hills Estate
b.
Downtown
c.
Business Bay
Witnessed
top apartment communities sales. Apartment project sale topped in:
d.
Emaar Beachfront
e.
Seven City
f.
JVT and Scio regarding Dubai Hills
Estate
5 The end-user apartment sale topped in:
a.
Dubai Marina
b.
Palm Jumeirah
c.
International City
These are
established communities.