Total trading reached AED 7.1 billion in Week 23, excluding land. Off-plan dominated with AED 4.4 billion, representing 62.7% of total activity, while ready properties accounted for AED 2.7 billion, or 37.3%.
Compared with Week 21 (week 22 was a public holiday), which recorded AED 7.7 billion across 4,254 transactions, Week 23 was softer in value, down AED 573.2 million, or 7.5%. Total transactions also declined to 4,086, down 168 transactions, or 3.9%. Sales transactions, including land, stood at 3,194, representing 78.2% of total transaction activity.
Land activity added another AED 3.9 billion, bringing the broader market total, including land, to AED 11.0 billion.
Category | Off-Plan (AED millions) | Ready (AED millions) |
|---|---|---|
Flat | 3,602.3 | 1,901.0 |
Villa | 229.1 | 469.2 |
Hotel Apt. & Rooms | 108.1 | 61.3 |
Commercials | 507.0 | 219.0 |
Total | 4,446.6 | 2,650.5 |
Subscribe to The Real Estate Reports to read the rest.
Become a paying subscriber to get access to this post and other subscriber-only content.