November Property Market Update 2018
In October 2018 the majority of apartments sold on the secondary market were in International City (106), closely followed by Dubai Marina (96). The majority of sales in the secondary Villa/Townhouse market were in Akoya Oxygen (90) then Murdon (81).
In the same month, registrations for off plan apartments saw the most sales in International City (359) followed by Downtown Burj Khalifa (168). The majority of sales in the off plan villa/townhouse market were in Town Square (53), followed by Villanova (52).
In the same period last year, October 2017, the most popular areas were:
Secondary Market: Apartments - Interntional City (137), Dubai Marina (98) Villas/Townhouses - Emirates Living (36), Arabian Ranches (27)
Off plan Market: Apartments - Al Furjan (182), Dubai Healthcare City (145) Villas/Townhouses - Serena (53), Mohammed Bin Rashid City (40).
The price difference from October 2017 - 2018 on the most popular areas: (average across all number of rooms)
Apartments - Secondary Market
International City - AED638 per sq ft (2017) - AED483 per sq ft (2018) Dubai Marina - AED1,433 per sq ft (2017) - AED1,181 per sq ft (2018)
Villas/Townhouses - Secondary Market
Apartments - Off Plan International City - AED616 per sq ft (2017) - AED840 per sq ft (2018) Downtown Burj Khalifa - AED2,089 (2017) - AED2,046 per sq ft (2018)
Villa/Townhouses - Off Plan Town Square - AED631 per sq ft (2017) - AED531 per sq ft (2018) Villanova - AED971 per sq ft - AED751 per sq ft (2018)
Laura Adams, Managing Director, Carlton Real Estate.
(data compiled by Laura Adams, provided by propertymonitor.ae)
Wishing all a Happy 47th National Day in the UAE.