Mo’asher – June 2021
June 2021 had the highest total sales transaction volume since December 2013, making it the highest monthly volume of property sales transactions in eight years. June 2021 had 6,388 transactions worth AED 14.79 billion, 44.33 percent more than May 2021 in terms of volume and 33.2 percent more in terms of value.
High sales transaction volumes in April and May of 4,824 and 4,426 respectively made for a great Q2, which had the highest quarterly volume of sales transactions since Q4 2013. Q2 2021 had a total of 15,638 transactions worth AED 36.86 billion, 33.26 percent more than Q1 2021 in terms of volume and 46.76 percent more in terms of value.
This brings the year to date total to 27,373 transactions worth AED 61.97 billion. To put this into perspective, all of 2020 had a total number of 35,041 sales transactions worth AED 71.87 billion.
If we take a deeper dive into the data, and compare real estate sales transactions in both June 2021 and Q2 2021 with similar periods in 2020 and 2019 we see that the market has had significant growth and COVID was a growth accelerator for the industry.