Dubai’s real estate deals reach AED14.97bn in August 2021

  • Date: 23-Sep-2021
  • Source: Emirates Business
  • Sector:Real Estate
  • Country:UAE
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Dubai’s real estate deals reach AED14.97bn in August 2021

Dubai's real estate market is witnessing continuous growth and increased investment attractiveness on the cusp of the largest international event in the region, Expo 2020 Dubai. According to the 18th edition of Mo'asher, Dubai's official sales price index, launched by Dubai Land Department (DLD) in cooperation with Property Finder, August 2021 is the second-highest month since December 2013 in terms of the number of sales transactions in one month, with 5, 780 sales transactions worth AED14. 97 billion, becoming the best August in 12 years. The base year for Mo'asher is 2012 and the base month for the monthly index is January 2012. In August 2021, the overall monthly Index recorded 1. 096 and an index price of AED1, 041, 825. The apartments monthly Index recorded 1. 116 and an index price of AED931, 310, while the villas/townhouses monthly Index recorded 1. 072 and an index price of AED1, 909, 567. The monthly overall Index rises by 1. 20 percent, the apartment index rise by 1. 36 percent and the villa/townhouse index rises by 3. 18 percent. August 2021 had 5, 780 transactions worth AED14. 97 billion, making it the best August on record in the past 12 years. This