Dubai house sales hit 4-year high

Residential sales transactions in Dubai in the summer of 2019 are at a four-year high, according to statistics from Data Finder, a real estate insights and data platform under the Property Finder Group.

Analysis of residential sales data in June, July and August 2019 has revealed that, contrary to public perception, the summer months have seen a robust performance for the Dubai housing market, said the report.

Both the off-plan and ready categories of the housing market have performed well. These include the sales of apartments, hotel apartments, villas, townhouses and residential land plots, the report added.

In the summer of 2019, the Dubai housing market outperformed itself both in terms of volume and value of sales transactions compared to 2016, 2017 and 2018, reveals Data Finder.

In terms of total volume, Dubai witnessed 8,833 residential sales transactions in the summer of 2019. This compares with 6,618 similar deals in the corresponding period of 2018, 8,694 deals in the summer of 2017 and 7,066 deals in the comparable timeframe in 2016.