UAE Market Report Q4 2019
The fourth quarter of 2019 witnessed high transactional activity in both, Off-Plan and Secondary Market mainly due to the announcement of the formation of the real estate committee. Off-Plan Sales transactions contributed around 60% of the overall sales activity in 2019, up from 55% in 2018. Even though the number of new launches has reduced this year the off-plan segment can be seen holding ground strongly indicating investor confidence in the market. On a quarterly basis, the Volume and Value of Off-Plan transactions have increased by 28% and 43% respectively. During the same period, volume and value of secondary transactions have also increased by 12% and 22% respectively.