In June, the Arab real estate market in Dubai maintained stable demand for premium-class housing. It was here that the most transactions worth more than 10,000,000 AED were recorded.
In total, 111 transactions were registered in this segment in June, which is slightly lower than in May – 117 transactions, but still indicates a confident recovery of the market.
On a monthly basis, sales jumped by 43.7% and increased by 174% compared to June last year, when buyers first drew attention to attractive real estate transactions against the background of quarantine measures.
In June, a total of 2,419 unscheduled transactions were registered, which is 43.3% more on a monthly basis. Completed facilities in June 2021 amounted to 62.1% compared to 37.9% for unscheduled facilities. This indicates that ready-made housing is still more relevant for buyers.
Mortgages for villas and townhouses have increased every month since the beginning of 2021, while loans for apartments were less relevant, demonstrating the preferences of buyers. Compared to May, the volume of new loans decreased by 9.4% in June.