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Dubai's real estate market sees 14% higher number of sales transactions in February

Dubai's real estate market sees 14% higher number of sales transactions in February
A total of 67% of overall transactions were for the secondary and ready properties

UAE - Mubasher: Dubai recorded 3,787 sales transactions worth AED 7.43 billion in the real estate market in February 2021, up 13.8% in terms of volume and 8.9% in terms of value from January 2021.

The total number of sales transactions in Dubai's real estate market reached 7,114, amounting to AED 14.2 billion up until the end of February 2021, according to Mo’asher, the official sales price index launched by Dubai Land Department (DLD) in cooperation with Property Finder.

After recording a slight decrease in January, Dubai's sales price index, which is taken from the base year 2012, resumed its upward performance.

Since the second half (H2) of 2020, the number of transactions in the emirate's secondary and ready properties has registered higher than off-plan properties.

In February 2021, 67% of overall transactions were for the secondary and ready properties, and 33% were for off-plan properties.