Home sales in Dubai hit four-year high

123RF

It’s been a busy summer for Dubai’s housing sector with sales figures hitting a four-year high.

The market has performed well both in terms of volume and value of transactions, according to data from Property Finder.

More than 8,800 sales deals worth around AED 14.5 billion were registered during the last three months.

These include apartments, hotel apartments, villas, townhouses and residential plots.

Off-plan units accounted for the majority of transactions.

“This year especially, we have seen many end-users get on the property ladder, particularly consumers who have been sitting on the fence deciding when was a good time to buy,” said Lynnette Abad, Director of Research & Data, Property Finder.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 11:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.

  • FARMER'S KITCHEN

    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!