The year 2021 has witnessed an outstanding performance for the Dubai property market, supported by December results and figures, whether in terms of property sales transactions or monthly indices, according to new research.

December 2021 saw the recording of 5,601 sales transactions worth Dh15.68 billion, i.e. more than 84,196 transactions in total in 2021 worth Dh300 billion, i.e. the highest annual value. highest ever recorded in Dubai’s history. In December 2021, the overall monthly index recorded 1.156 and an index price of Dh 1,115,937, making it the highest since February 2019 in terms of indices and the highest in value since August 2018. C is according to data from the 22nd edition of Mo’asher, the official Dubai Selling Price Index published by the Dubai Land Department (DLD) in cooperation with Property Finder.

In December 2021, the overall monthly index recorded 1.156 and an index price of Dh 1,115,937, the monthly apartment index recorded 1.182 and an index price of Dh 1,000,253, and the monthly index villas/townhouses recorded 1,167 and an index price of Dh1,990,496.

In the fourth quarter of 2021, the overall quarterly index recorded 1.181 and an index price of Dh 1,118,218, the quarterly apartment index recorded 1.184 and an index price of Dh 1,000,054, and the index villa/townhouse quarterly recorded 1,204 and an index price of Dh2,060,863.

In 2021, the overall annual index recorded 1.193 and an index price of Dhs 1,133,776, the annual apartment index recorded 1.201 and an index price of Dhs 1,041,679, and the index yearly villas/townhouses recorded 1,198 and an index price of 1,961,679 Dh. .

December 2021, in terms of overall indices, was the highest since February 2019 and the highest for index value since August 2018. For the number of apartments, last year was the highest in number of indices since March 2019 and in index value since April 2019. the villa/townhouse index performed best, with December 2021 being the highest for both number of indices and value of the index since February 2019.

Dubai Real Estate recorded over 84,196 real estate transactions in 2021 worth nearly Dh300 billion; the value of these transactions is the highest ever recorded in the recorded history of Dubai’s real estate industry. Compared to 2020, the volume of transactions increased by 66.3% and the value of transactions increased by 72%.

The year 2021 broke a 12-year record in terms of the value of real estate transactions, with properties worth 151.07 billion dirhams sold throughout the year. The total number of completed real estate transactions is also the highest since 2013.

In 2021, 59.6% of all transactions were for secondary/ready properties and 40.4% were for off-plan properties. When we look at the volume of sales transactions, the off-plan market processed 24,761 properties with a total value of Dhs 45.5 billion, and the secondary market processed 36,480 properties with a total value of Dhs 105.56. billion Dhs. It is also the highest secondary real estate sale transaction value since 2008.

2021, compared to 2020, showed a 74.77% increase in sales transaction volume and a 110.19% increase in value. To put things in perspective, when we compare to pre-Covid-19, periods like 2019, 2021 showed a 55.47% increase in volume and a 90.10% increase in value.

The fourth quarter of 2021 recorded a total of 17,942 transactions worth 46.75 billion dirhams, with the volume and value of transactions being the highest since the fourth quarter of 2013.

In Q4 2021, 55.9% of all transactions were for secondary/ready properties and 44.1% were for off-plan properties. When we look at the volume of transactions, the off-plan market processed 7,913 properties with a total value of Dhs 16.92 billion, and the secondary market processed 10,029 properties with a total value of Dhs 29.82 billion. dh.

The fourth quarter of 2021, compared to the fourth quarter of 2020, showed a 64.12% increase in sales transaction volume and a 114.74% increase in value. Compared to the fourth quarter of 2019, the fourth quarter of 2021 recorded an increase of 47.53% in volume and 97.59% in value.

Comparing Q4 2021 to Q3 2021, off-plan transaction volume increased by 14.53% and secondary property sale/loan transactions increased by 11.22%. The value of off-plan sale transactions increased by 25.38% and the value of secondary sale transactions increased by 3.36%. We saw an increase in off-plan sale transactions in the fourth quarter, which is reflected in this being the highest volume and value of off-plan sale transactions in any given quarter since the first quarter of 2010.

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