Reports

April 2021 had the highest total sales transaction value since March 2017 in excess of AED10.98 billion. This is the highest value of property transactions in four years. April 2021 had 4,382 transactions worth AED 10.98 billion, 4.2 percent more than March 2021 in terms of volume and 0.6 percent more in terms of value. This brings the year to April total to 16,577 transactions worth AED 36.12 billion.

In April, 70 percent of the total transactions were up to AED 2M, while 23 percent were between AED 2M to 5M, four percent were between AED 5M to 10M and 3 percent above AED 10M.

Interestingly, one of the major trends seen in April was in Mohammed bin Rashid City where we saw most transactions in a single community recorded. Followed by Jumeirah Village Circle, accounting for 5.8 percent of all transactions and Dubai Marina with 5.6 percent of all transactions. In addition, Business Bay, which has dominated the top two spots for the most number of monthly sales in a community for the past year, fell from 7.2 percent of total transactions in a single month to 3.5 percent. Falling from number one on the ranking to number 10.