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Dubai realty deals top Dhs16b as UAE firm eyes sales day

The past months leading up to the launch of the global event Expo 2020 Dubai witnessed an exceptional growth in general in real estate sales transactions in terms of volume and value. However, September 2021 recorded greater achievements, with recording the highest value of real estate sales in one month since December 2013 via 5,762 sales transaction worth over Dhs16.2 billion, bring the year-to-date total value to over Dhs100 billion.

This is according to the 19th edition of Mo’asher, Dubai’s official sales price index, launched by Dubai Land Department (DLD) in cooperation with Property Finder.

The base year for Mo’asher is 2012 and the base month for the monthly index is January 2012. In September 2021 the Overall monthly Index recorded 1.115 and an index price of Dhs1,065,816, Apartments monthly Index recorded 1.14 and an index price of Dhs954,524 and Villas/Townhouses monthly Index recorded 1.098 and an index price of Dhs1,940,843.

In Q3 2021 the Overall Quarterly Index recorded 1.128 and an index price of Dhs1,053,263, Apartments Quarterly Index recorded 1.134 and an index price of Dhs946,644 and Villas/Townhouses Quarterly Index recorded 1.124 and an index price of Dhs1,954,802.

Meanwhile, a leading real estate developer in the UAE, is organising a special sales day at the Sofitel Abu Dhabi Corniche, on Saturday (Oct.23).

The sales offer includes all the company’s projects in Abu Dhabi and Dubai, giving a 10% discount, with only 10% down payment, and 1% monthly installments.

Islam Ahmed Suleiman, CEO of Reportage Properties, said that the company continues to give various offers, which suit large segments of customers, while organising many sales events, which is directly reflected in the continued growth in sales.

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