▪️   Transactions in February were15.6 % more than the previous month in terms of volume & 10.2 % more in terms of value.

▪️   Dubai residential sector recorded 3,814 transactions worth Dh7.43 billion in February 2021.

▪️   Recorded the highest number of secondary/ready properties transacted in a single month since March 2014.

▪️   Total to 7,109 transactions worth Dh14.16 billion.

▪️   Consumers wanted to move into a property now and not wait for construction to be completed on an off-plan property. 

▪️   The trend upgrade to a larger property with more internal and external space.

▪️   Volume of transactions in secondary/ready properties was higher versus off-plan properties in H2 2020,. 

▪️   The trend continued into 2021 and the confidence in the ready market continued to grow as February 2021 now holds the record for most secondary/ready properties in a single month over the past seven years.

▪️   Real estate sector has shown an unexpected level of resilience in the face of serious challenges created by the pandemic. 

▪️   The supply-demand imbalance is likely to worsen over the course of 2021, similar to last year. 

▪️   41,500 new residential units and 1.5 million sqft of office space are expected for handover in 2021 in Dubai.

▪️   68 % of all transactions were for secondary/ready properties and 32 % were for off-plan properties. 

▪️   Off-plan market transacted 1,163 properties worth a total of Dh1.61 billion.

▪️   Secondary market transacted 2,650 properties worth a total of Dh5.82 billion. 

▪️   Number of off-plan transactions in February increased by 35.8 %.

▪️   Secondary/ready property transactions increased by 8.2 % compare to January 2021.

▪️   Developers launch new phases to existing projects which are under construction. 

▪️   New launches, especially in the villa/townhouse segment, proved to be very popular with investors.

▪️   10.3 % sales in February 2021 in Nad Al Sheba

▪️   Dubai Hills Estate (8.3 %)

▪️   Green Community (8.0 %)

▪️   Arabian Ranches (4.7 %) 

▪️   Dubailand (4.0 %)

▪️   14.9 % of all sales transactions took place in Business Bay

▪️   Followed by Dubai Marina (9.0 %)

▪️   Jumeirah Village Circle (8.0 %)

▪️   Downtown Dubai (6.5 %) 

▪️   Palm Jumeirah (6.2 %)

▪️   Dubai Hills Estate

▪️   Arabian Ranches

▪️   Palm Jumeirah

▪️   Mohamed bin Rashid City 

▪️   Damac Hills

▪️   Dubai Marina

▪️   Downtown Dubai

▪️   Palm Jumeirah

▪️   Business Bay 

▪️   Jumeirah Village Circle