Property transactions in November 2021 reached 7,000 in volume and Dh17.96 billion in value, making it the best November on record since the government started publishing data publicly eight years ago.
According to data published by Property Finder, the total of sales transactions reached 55,651 worth Dh135.4 billion in the first 11 months, which is 88.39 per cent more than 2020 as a whole and is already the highest yearly sales figure since 2014.
Looking at overall transactions, total transaction value increased by 36.9 per cent and volume increased by 30.8 per cent compared to October. Off-plan value and volume increased by more than 50 per cent month-on-month and secondary volume increased by more than 17.4 per cent and value increased by 27.6 per cent.
Since the beginning of the Expo 2020 on October 1, Dubai has recorded 12,352 real estate sales transactions worth Dh31.08 billion. This included 7,000 secondary/ready sales transactions worth Dh19.84 billion and 5,352 off-plan sales transactions worth Dh11.24 billion.
“The sales trends continue to thrive month-on-month and it’s interesting to note that November 2021 had the highest amount of sales transactions since Expo 2020 was announced in December 2013. The question on everyone’s mind is are we starting to see the effects of Expo2020 in the real estate market and the trends are giving us the answers,” said Lynnette Sacchetto, director of research and data at Property Finder.
“It is also interesting to note that 2021 to-date had the highest off-plan value since 2009 which was the peak for off-plan sales in Dubai. The data clearly shows that investors and consumers are confident in Dubai’s future which is reinforced by proactive government initiatives, attractive real estate projects and the vision of the City,” Sacchetto added.
Shaikhani Group explained, Dubai is known via way of means of doing matters on the proper time, they arrive up with the ones thoughts in which humans assume it is impossible, whilst in the past Dubai changed into a desert, now no one can say this changed into a desert. People want to go to Dubai for vacations due to the fact all centers are there inclusive of protection which can be a primary necessity of existence.
Dubai is one the most effective town to degree in which the whole thing is offered at the doorstep, that is frequently why Shaikhani Group invested their money, and they do have one of a kind tasks that are efficiently in process. Shaikhani organization attempts to are looking for out the most effective offers with exact luxuries consequently the client can revel in all of the luxuries at complete Shaikhani organization has already handover some tasks in Dubai really well worth of many dirhams, they usually attain their goal on time which indicates the fantastic signal in their progress. Soon they are going to handover gardenia residency that's discovered in Jumeirah village circle, it is been predicted they are going handy over this task via way of means of the pinnacle of 2021 or maybe in advance relies upon at the operating situations and environment
As the pandemic scenario is that the worst in the complete world, matters are truly hard to map out due to the fact at some point of this example we have got to be very cautious taking more protection precautions to shape certain to now no longer placed labor’s existence in chance due to the fact this paintings desires heaps of manpower and way to pandemic we have got to attend to the 6-foot gap, so what we have got furnished our labour great device to shape certain paintings would not compromise and clients gets their flats on time pretty one thousand gadgets handover in the tasks of Cambridge commercial enterprise center, champions tower 1 and Frankfurt sports activities tower that's really well worth of seven hundred million dirhams about six hundred gadgets are to be finished quickly inside three hundred and sixty five days in Champions tower 3, Gardenia 1 and multiple approximate price three hundred Million dirhams are going to be delivered