Property gross sales in Dubai had been on the highest degree in 16 months, in accordance with new analysis.

Figures from Mo’asher, the official gross sales value index from Dubai Land Division (DLD) in cooperation with Property Finder, recorded 4,643 transactions price Dh10.9 billion final month.

General, transaction numbers grew 23 per cent and in worth phrases, offers grew 47 per cent in March in comparison with February.

The bottom 12 months for Mo’asher is 2012 and the bottom month for the month-to-month index is January 2012, with the bottom quarter for the quarterly index being quarter certainly one of 2012.

Quarter certainly one of 2021 had 11,753 gross sales transactions price Dh25 billion.

In whole, quarter certainly one of 2021 had six per cent extra actual property gross sales transactions than quarter certainly one of 2020, 16 per cent extra for secondary properties and 7 per cent much less for off-plan properties.

When in comparison with quarter certainly one of 2020, quarter certainly one of 2021 had 15 per cent extra whole gross sales transactions, 70 per cent extra for secondary properties and 29 per cent much less for off-plan properties.

The highest areas of curiosity by way of searches for villas/townhouses in March had been Dubai Hills Property, Arabian Ranches, Palm Jumeirah, Mohamed bin Rashid Metropolis and Damac Hills.

As for residences for a similar interval, the highest areas of curiosity had been Dubai Marina, Downtown Dubai, Palm Jumeirah, Enterprise Bay and Jumeirah Village Circle.

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