Dubai Prime Residential Sales Increase 44 Percent in Early 2019
LUXHABITAT | April 19, 2019
According to Dubai-based real estate consultant Luxhabitat's latest Property Monitor Report, over 1,737 villas and 6,194 apartments were transacted within the first quarter of 2019 in the overall residential market. Volume of transactions in the secondary market was AED 20.4 billion, compared to AED 18.5 billion in Q4 2018 (a 10% increase). This indicates an uptick in the Dubai Residential Market in terms of volume and number of units sold. The average price per square foot also went up, although by only 2.5%.