The Dubai property market is rebounding

The Dubai property market has rebounded in the first five months of 2021 where the ready property sales transactions exceeded 13,400 which is the highest since 2014. In total, there was over 20,000 transactions (off-plan and ready) which is the highest since 2017

 Mortgage transactions volume hit a record high with over 12,500 transactions.

The villa's sales volume reached an all-time high marking over 2,800 transactions in the first five months of 2021.  
 

14% of the ready villa sales happened in Hadaeq Sheikh Mohammed Bin Rashid (mainly Dubai Hills Estate); TownSquare (13%); Nad Al Shiba First(13%); Emirates Living (12%). Whereas 33% of the off-plan villa transactions took place in Hadaeq Sheikh Mohammed Bin Rashid (mainly Mag City); Wadi Al Safa 5 (28%); Arabian Ranches 2 (16%).

However, YTD, the off-plan apartment sector has been suffering where it went down by - 9% compared to last year which had a lockdown period.