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Property Transactions in Dubai Hit 11-years High in November

Posted by Muzammil Hussain on December 21, 2019
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Dubai Property News: Property transactions in Dubai hit 11-years high on a monthly basis as Dubai Land Department recorded 5000+ property deals in the month of November. And more than 13,800 transactions have completed since the start of September.

More than 20% of the deals out of 5000+ transactions were only for units at the Dubai Creek Harbour projects.

According to the Dubai property transaction data by Property Finder, establishing a higher real estate planning committee to make certain that semi-government real estate companies in Dubai do not compete with private investors, has a good impact on market attitude in the three months since September.

The higher real estate planning committee’s objective is to develop a broad strategic vision and plan for all major real estate projects in UAE for the next 10 years.

The real estate transaction in Dubai report also stated that DLD has registered the biggest deal of AED112.77 million with the sale of Burma Islands on The World Islands earlier this week.

Number of Property Transactions in Dubai by Areas

With an overall 1,160 property transactions in the past 3 months (Sep, Oct & Nov) Business Bay has appeared as the best place to live in Dubai for property buyers.

Dubai Creek Harbour with 1,057 transactions, Dubai South with 838 transactions, Jumeirah with 647 transactions, and Downtown Dubai with 560 transactions.

Off-plan properties in Dubai continued to dominate with 3,053 transactions out of 5,051 in November.

For all the latest real estate news, guides, tips, events updates, and real estate blogs from Dubai, UAE and GCC, visit Realty Bridges‘ website and also subscribe us on YouTube to find the new completed and off plan projects in Dubai.

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