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 Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

  • The Music Mix

    1:00pm - 2:00pm

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

On Dubai Eye