The Dubai Property Market in 2021 featured three main trends:
1 - The most significant sales value ever of over AED 150B.
2 - The highest sales volume since 2013 with over 60,500 properties.
3 - The best year ever for the off-plan property sales volume of 25,000 properties.
4 - The highest villa sales volume ever with 7,580 off-plan and 6,000 ready villas.
5 - The highest apartments sales volume since 2013 of 39,570 apartments.
6 - Over 35,000 properties were delivered.
7- Over 21,500 properties were launched.
8- Over 55,000 properties are scheduled for delivery in 2022. However, practically, over 40,000 properties have exceeded 60% of construction progress and are expected to be delivered in 2022.
So, the Dubai real estate market got back on its feet and performed well beyond expectations. The total sales exceeded 60,900 properties. This is up a whopping 75% from the year 2020; whereas, the sale value surged by 110% to AED 150 billion. This outstanding performance is pushed by five main factors:
How property prices increased in 2021
2021 records 25,280 off-plan transactions making an increase of 51% vs. 2020; whereas, ready property transactions increased by 92% vs. 2020 to 36,400 transactions.
Over 35,000 units were delivered in 2021. Emaar had the lion-share of 20%, 16% by Damac, and 4% by Dubai Properties. 55% of the scheduled units to be delivered in 2021 have been postponed. The delivery concentered on the following areas:
Compared to 2020, the launched units increased by 69.83% to over 21,700 units composing 103 projects.
The areas with the most launched properties are:
Arabian Ranches 1,023 units (4.81%)
Over 55,000 properties are scheduled for delivery in 2022. Practically, over 40,000 properties have exceeded 70% of construction progress and are expected to be delivered in 2022.
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