UAE Real Estate Market Report FY 2021
The overall residential transactions volume of Dubai increased by around 72% annually in 2021. Off-plan transactions grew by 52% annually and contributed 43% of the total transactions while secondary transactions increased by 91% and accounted for 57% of the overall transactions. The volume of secondary transactions is almost twice compared to any of the past 6 years. Off-plan transactions volume this year was highest since 2017.
The overall residential transactions value increased by over 125% compared to the previous year. Off-plan transactions value increased by 107% annually while secondary transactions value increased by 138%. Secondary transactions value is over 2.5 times more than any year compared to the past several years