Fastest method to learn about the sales performance of any real estate project

 

The fastest method to learn about the sales performance of any real estate project is to analyze the following two parameters:

1 - The Number of Sales Transactions

Learning about the trend of sales transactions over a specific period of time (Year to date, monthly, quarterly, annually or any other period), gives you a clear indication on the following:

  • When you compare year to year or quarter to quarter, you can conclude whether sales are slowing down or increasing.
  • The trend also indicates how long you would likely need to sell your property.
  • You can also compare it to how many units have been sold during a specific period of time in other similar projects located in the same area.

If you are dealing with properties in Dubai, you can access all this data and more on www.DXBinteract.com all data is derived from Dubai Land Department – The Government of Dubai

2 - The Value: 

Understanding the historical and the current price trends indicates the current price position in the market cycle. However, you should look into both prices per sqft as well as total unit price.

  • Value per SqFt: This tells you whether prices per sqft have been going up or down over a specific period of time. Also when comparing prices per SqFt in a particular project to another similar project, you can tell whether both projects are increasing or decreasing in price, or if prices in one project are trending different to the other project.
  • Unit Value: Understanding the unit value is also essential, as in the scenario of large units, you may often find attractive prices per SqFt, but the total unit value is relatively high. You can use the same when you compare one project to another.

If you are dealing with properties in Dubai, you can access all this data and more on www.DXBinteract.com all data is derived from Dubai Land Department – The Government of Dubai



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