(MENAFN- Dubai PR Network)
DLD Mo'asher: Q2 Marked the Highest Quarterly Volume of Sales Transactions for the Last Decade
Highlights for Q2 2022 ● Q2 2022 recorded a total of 22,504 sales transactions worth AED 59.15 billion.
● Q2 2022 compared to the same quarter in 2021, the market witnessed an increase in value by 61.56 percent with an increase in sales volume by 45.86 percent.
● Q2 2022 had a total of 123,856 rental contracts of which 59.48 percent of contracts were new and 40.52 percent were renewals
● In Q2, 81.41 percent were annual contracts while 18.59 percent were non-annual contracts. Highlights for June 2022
● June recorded 8,897 sales transactions worth AED 22.75 billion, the highest volume of sales transactions for the month of June in the past nine years
● 60.05 percent of sales transactions were in the secondary market and 39.95 percent were for the off-plan market.
● June had a total of 40,924 rental contracts of which 63.20 percent of contracts were new and 36.80 percent were renewals ● In June, 83.26 percent were annual contracts while 16.74 percent were non-annual contracts. Dubai, UAE, 29 July 2022: According to Mo'asher, Dubai's official Sales Price and Rental Performance index launched by Dubai Land Department (DLD) in cooperation with Property Finder, Dubai's real estate market records a total 8,897 sales transactions worth AED 22.75 billion, the highest volume of sales transactions for the month of June in the past nine years. The base year for Mo'asher is 2012, and the base month for the monthly index is January 2012, with the base quarter for the quarterly index being Q1 2012. In June 2022, the overall monthly Index for sales recorded 1.323 and an index price of AED 1,288,925. The apartment monthly index recorded 1.393 and an index price of AED 1,200,353, additionally the villa/townhouse monthly index recorded 1.347 and an index price of AED 2,157,668. Furthermore, the overall monthly index for rental in June 2022 recorded a 0.971 and an index price of AED 52,498. The apartment monthly index recorded 0.974 and an index price of AED 48,226 and the villa/townhouse monthly index recorded 0.870 and an index price of AED 133,330.
In Q2 2022, the overall quarterly Index for sales recorded 1.328 and an index price of AED 1,266,195, the apartments quarterly Index recorded 1.352 and an index price of AED 1,153,034, and the villas/townhouses quarterly Index recorded 1.264 and an index price of AED 2,112,826. Furthermore, the overall quarterly index for rental in Q2 2022 recorded 0.968 and an index price of AED 52,133, the apartments quarterly Index recorded 0.979 and an index price of AED 47,764, and the villas/townhouses quarterly Index recorded 0.858 and an index price of AED 133,085.
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