Dubai home sales up 60% in June

Dubai home sales up over 60 percent in June. Buyers of real estate in Dubai took advantage of more affordable prices. Dubai real estate is returning to stability with the easing of restrictions imposed due to the pandemic.

In the past month, on average, there were more than 570 transactions per week, while the number of weekly sales is growing every week. In the first half of the year, 15,893 purchase and sale transactions worth about $9 billion have already been completed. June data show rapid recovery of Dubai real estate market /a>.

The secondary market accounted for only 28 percent of total sales in April, compared to 33.5 percent in May and 53 percent in June, in line with pre-pandemic trends.

The main areas for homebuying in the secondary market were: Dubailand (8.2 percent), Business Bay ( 6.3), Dubai Marina (5.9), Town Square (5.7) and Dubai Hills Estate (5.2). The main areas for off-plan transactions are Mohammed bin Rashid City (15.6), Jumeirah Village Circle (11.7), Downtown Dubai (9.2), Business Bay (8.4) and Dubai South (7). br> The main areas for homebuying in the secondary market were: Dubailand (8.2 percent), Business Bay (6, 3), Dubai Marina (5.9), Town Square (5.7) and Dubai Hills Estate (5.2). The main areas for off-plan transactions are Mohammed bin Rashid City (15.6), Jumeirah Village Circle (11.7), Downtown Dubai (9.2), Business Bay (8.4) and Dubai South (7). br> The main areas for homebuying in the secondary market were: Dubailand (8.2 percent), Business Bay (6, 3), Dubai Marina (5.9), Town Square (5.7) and Dubai Hills Estate (5.2). The main areas for off-plan transactions are Mohammed bin Rashid City (15.6), Jumeirah Village Circle (11.7), Downtown Dubai (9.2), Business Bay (8.4) and Dubai South (7).