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According to the latest ValuStrat research report, prices of luxury apartments in Dubai have increased by 1.7% in each quarter of 2021, but have not been able to keep up with the figures of the villa market, where prices increased by 10.3%. On an annual basis, the price of Arabian apartments has fallen steadily by 4.8%. About 42% fell on off-plan apartments, while the number of transactions for finished apartments reached 58%. The best performers among the top sales were apartments by developers Emaar, Azizi, Nakheel, Damac and Seven Tides.

In June, the stable Dubai real estate market continued its rapid recovery with a 2.1% price increase. The reason for this was the massive relocation of European families – new homeowners in Dubai, which accelerated the growth of sales and prices in the real estate sector of the emirate. At the moment, prices have reached their 8-year high, increasing to 10% year-on-year. A report by Property Monitor, a leading real estate portal, says that European buyers have recently become "a key demographic group that stimulates sales." The report focuses on the relocation of entire families, not just one breadwinner. This was proved by reports from schools that report a sharp increase in new foreign students.

With a detailed analysis of data on real estate sales transactions in April, May and June 2021 with similar periods in 2020 and 2019, the growth of the market becomes obvious. To some extent, the COVID-19 pandemic has become an accelerator for the growth of the Arab real estate sector. Despite the fact that the trends of this year kept many, including buyers and owners, in suspense, the monthly growth and record months for purchase and sale transactions, high investment demand from residents and foreign investment, as well as the rise in real estate prices in prestigious, popular communities ultimately exceeded all expectations. In June, Dubai recorded the highest volume of real estate purchase and sale transactions – 6,388 transactions worth 14.79 billion AED, resulting in the...

The cost of residential property in Dubai as of June 2021 continued its monthly growth with an increase of 1.5% to 69 points and amounted to 5.5% YTD. The current cost of one sqm of residential space in Dubai is close to AED 924. According to experts, the trend in the Arab real estate market is for European buyers to become the main demographic driving sales, with the majority of them being end-users. Many of the overseas homebuyers are pursuing the goal of moving their entire family to the UAE for permanent residency. In this regard, changes began to take place in the mortgage lending market, namely a reduction in the interest rate on loans to purchase homes.

High volumes of sales transactions in April and May in the amount of 4,824 and 4,426, respectively, provided an excellent second quarter, which recorded the highest volume of sales transactions since the 4th quarter of 2013. In the 2nd quarter of 2021, there were a total of 15,638 transactions worth 36.86 billion AED, which is 33.26% more than in the 1st quarter of 2021 in volume, and 46.76% more in value, - analysts of the Arab real estate market report. Thus, to date, a total of 27,373 transactions in the amount of 61.97 billion AED have been made, while in 2020 the total number of transactions for the whole year was 35,041 in the amount of 71.87 billion AED. All this indicates the active growth and recovery of the Arab real estate market, as well as demonstrates impressive prospects...

The volume of real estate transactions in June reached the highest level in 8 years and was 44.33% more than in May 2021. In June, Dubai recorded the highest volume of real estate transactions since December 2013 – 6,388 transactions worth 14.79 billion AED, bringing the total value of transactions for the year to 61.97 billion AED. The impressive growth, according to real estate experts, was due to high demand from ordinary buyers and investors against the backdrop of a reviving economy, visa reforms and successful vaccination.