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DLD launches third edition of price index for properties

Sunday, 28 June 2020 16:21

WAM

The third edition of Dubai's official sales price index for properties has been launched.

Mo'asher was released by the Dubai Land Department (DLD) in cooperation with Property Finder.

It shows that the Dubai sales house index increased by 12.1 per cent in May 2020 compared to the base year 2012.

The DLD also recorded a total of 13,590 sales transactions worth AED 27.8 billion in the first five months of 2020.

According to statistics found in Mo'asher's third edition, real estate transactions immediately picked up after restrictions related to the National Disinfection Programme eased in the emirate.

Index prices were higher in April and May in comparison to March, mainly due to the supply.

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