Last month, Dubai saw a total of 16,999 sales in the real estate sector. This is a massive jump of 35.5 percent. In fact it is among the, if not the best month ever recorded in Dubai real estate.
Villa sales in fact doubled to 3679 compared to the same month from last year. The sector got off to a great start to the year, with sales hitting 51.1 billion AED. Also, when it comes to value the growth is even more impressive than just the raw volume. In terms of value, they are up a massive 40 percent compared to the same month last year.
“The data once again highlights the robust nature of Dubai’s real estate market and the steady growth it has experienced over the past few years. This reinforces Dubai’s position as a safe and reliable hub for real estate investment, further boosting investor trust and attracting attention from local, regional and global markets,” said Firas Al Msaddi, CEO of a leading UAE real estate firm.
Villa sales Increase 99.7 percent
Villa sales, which are up 99.7 percent, to be exact, to 3679 in comparison to the preceding year. Also, when it comes to land sales they are up to 9.6 billion dirhams, and a total of 608 were sold, or 74.7 percent, over the last year. At Nouba, we are super excited at what this could mean for our investors in terms of long-term profits.
Also, sales of apartments are also up by over a fifth or about 21.3 percent, in terms of raw numbers to 11,364. Also, commercial property is not to be left behind, and 447 properties changed ownership last month. These were worth a total of 1.2 billion dirhams. That is a huge 40.1 percent jump compared to the same time last year. Also, per square foot prices are going up, and commercial space hit 1551 dirhams per square foot on average, or a 3.4 percent increase.
If you are an international investor looking to invest in the UAE,this is the best time to invest in UAE properties with Nouba Real Estate.
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