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Q1 sees high-value property deals in Dubai

Tuesday, 30 April 2019 15:46

123RF

Dubai’s residential sector continues to see a balance between off-plan and secondary market transactions.

Data from the real estate portal Property Finder shows an almost equal split in deals between the two during the first quarter of this year.

More than 9,300 transactions worth over AED 21 billion were registered in total.

Communities like Dubai Hills Estate, Downtown and Business Bay witnessed the top off-plan transactions in Q1 2019, while Business Bay, International City, Dubai Marina and Palm Jumeirah accounted for the top secondary transactions.

The report also indicates a busy year so far for the emirate's commercial real estate sector, which has seen a spate of high-value deals take place.

There were 37 transactions priced above AED 50 million during the first three months of this year. The deals mostly involved schools, hospitals and land plots acquired by master developers.

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