Dubai Sales House Price Index - January 2021

After a couple of record breaking months, which were November and December 2020, January 2021 has started the year with the same trends which is healthy news for the residential real estate industry. In total January 2021 had 3,300 transactions worth AED 6.74 billion, 15.5 percent more than January 2020 in terms of volume and 37 percent more in terms of value. 

The trend throughout 2020 was secondary/ready properties started transacting more and this trend has continued into this new year. 72 percent of all transactions in January 2021 were for secondary/ready properties and 28 percent were for off-plan properties. When we look at the volume of transactions, the secondary market transacted 2,373 properties worth a total of AED 5.43 billion, this is the highest number of secondary/ready properties transacted in a single month since March 2014. 

Q4 2020 was the strongest quarter in 2020 and helped the year recover the most in terms of volume and value with 11,065 sales transactions worth AED 22.07 billion. This quarter set the wheels in motion for the year to start strong and we are most likely going to see this going forward into February, where we have already seen more than Dh3.3 billion in sales transactions last week. 

11.5 percent of all sales for villas/townhouses in January 2021 took place in Naad al Sheeba, followed by DubaiLand (11.4 percent), Maydan (7.5 percent), Dubai Hills Estate (6 percent) and Tilal al Ghaf (4.8 percent). Looking at apartments, 12.4 percent of all sales transactions took place in Business Bay followed by Dubai Marina(9.7 percent), Jumeirah Village Circle (9.3 percent), Downtown Dubai (5.6 percent) and Palm Jumeirah (5.4 percent) 

According to proprietary Property finder demand data, the top areas of interest in terms of searches for villas/ townhouses in January 2021 have Dubai Hills Estate, Arabian Ranches, Palm Jumeirah, Mohamed bin Rashid City and Damac Hills. As for apartments for the same period the top areas of interest were Dubai Marina, Downtown Dubai, Palm Jumeirah, Business Bay and Jumeirah Beach Residence. 

Download the full report here: Sales House Price Index - January 2021