Malian MP warns of Western pressure after dialogue recommends extending transition    Egypt's museums open doors for free to celebrate International Museum Day    Egypt and AstraZeneca discuss cooperation in supporting skills of medical teams, vaccination programs    TSMC to begin construction of European chip factory in Q4 '24    German inflation up to 2.4% in April    Biden harshly hikes tariffs on Chinese imports to protect US businesses    Madinaty Open Air Mall Welcomes Boom Room: Egypt's First Social Entertainment Hub    Indonesia kicks off 1st oil, gas auction    Oil steady in early Tuesday trade    Cred entrusts Ever's clubhouse operations to Emirati firm Dex Squared    Mabany Edris boosts Koun Project investment to EGP 7bn    Sales of top 10 Egyptian real estate companies hit EGP 235bn in three months: The Board Consulting    Key suppliers of arms to Israel: Who halted weapon exports?    Egypt, Greece collaborate on healthcare development, medical tourism    Egypt and OECD representatives discuss green growth policies report    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Intel eyes $11b investment for new Irish chip plant    Al-Sisi inaugurates restored Sayyida Zainab Mosque, reveals plan to develop historic mosques    President Al-Sisi hosts leader of Indian Bohra community    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Dubai's Q1 real estate transactions exceed expectations despite seemingly slow March
Amwal Al Ghad Published in Amwal Al Ghad on 11 - 04 - 2020

Dubai registered a total of 10,243 real estate transactions in March 2020, according to Data Finder, the real estate insights and data platform under the Property Finder Group, Khaleej Times reported on Thursday.
This represents a growth of 9.74 percent in the volume of registered property sales transactions compared to 9,317 transactions in the first quarter of 2019.

It is also the highest number of sales transactions registered in the first quarter in Dubai since 2017 where we saw 11,910 property sales transactions registered during that time.
So far this year, mortgage registrations are consistently higher than 2019 on a weekly basis. March alone saw more than 1,209 mortgage registrations, which is the highest number of registrations since October 2019 and 24.8 percent more than March 2019.
“In the second half of 2019, we started to see an upward shift in sales transactions with multiple record breaking months in regards to sales volumes.
This trend continued into first quarter of 2020, with transaction volumes increasing month-on-month. During the current situation, we have obviously seen a slow down in transactions, however due to the governments proactive, swift, extreme efforts and polithecies I believe we will get through this tough period quicker than most and the real estate market will start to transact again and will continue the trend where it left off in first quarter,” said Lynnette Abad, director of Data and Research, Property Finder.
March 2020 – Off-plan vs secondary transactions
The top 5 areas which witnessed the highest overall property sales transactions in March 2020 were Downtown Burj Khalifa (223 transactions), Business Bay (217), Dubai Marina (182), Mohammed Bin Rashid City (145) and Jumeirah Village Circle (132).

For off-plan sales, the top 5 performing areas in Dubai were Business Bay (149), Downtown Burj Khalifa (144), Mohammed Bin Rashid City (120), Jumeirah Village Circle (88) and Palm Jumeirah (70).
On the secondary market, areas that witnessed the most sales were Dubai Marina (147), International City (109), Downtown Burj Khalifa (79), Business Bay (68) and Jumeirah Beach Residence (66).
March 2020 – Villa/Townhouse vs Apartments
For villas/townhouse sales, the top 5 performing areas in Dubai were Dubai Hills Estate (53 units), Dubai South (37), Akoya Oxygen (35), Arabian Ranches 3 (34) and Mohammed Bin Rashid City (29).
In the apartment market, buildings that witnessed the most sales were Burj Crown in Downtown Burj Khalifa (90 units), Se7en Residences, Palm Jumeirah (68), The Terraces, Sobha Hartland (52), Seven City, Jumeirah Lakes Towers (44) and Zada Tower, Business Bay (40).

Clic here to read the story from its source.