Highlights for 2021:

  • 2021 had 61,241 sales transactions worth AED 151.07 billion
  • Year-on-Year increase in sales value was 110.19 percent, increase in sales volume was 74.77 percent
  • 59.6 percent of sales transactions were in the secondary/ready market and 40.4 percent were off-plan

Highlights for Q4 2021:

  • Q4 2021 had 17,942 sales transactions worth AED 46.75 billion
  • Quarter-on-Quarter increase in sales value was 10.38 percent, increase in sales volume was 12.66 percent
  • 55.9 percent of sales transactions were in the secondary/ready market and 44.1 percent were off-plan

Highlights for December 2021:

  • December 2021 had 5,601 sales transactions worth AED 15.68 billion
  • Month-on-month decrease in sales value was 12.61 percent, decrease in sales volume was 19.86 percent
  • 54.2 percent of sales transactions were in the secondary/ready market and 45.8 percent were off-plan

Dubai: 2021 broke a 12 year record in terms of Real Estate Sales transactions value with properties worth AED 151.07 billion sold throughout the year. The total number of real estate sales transactions that took place were also the highest since 2013. Overall, 2021 was a phenomenal year for the Dubai real estate market, with trends and figures that have not been seen in the past 8 years.

In 2021, 59.6 percent of all transactions were for secondary/ready properties and 40.4 percent were for off-plan properties. When we look at the volume of sales transactions, the off-plan market transacted 24,761 properties worth a total of AED 45.5 billion and the secondary market transacted 36,480 properties worth a total of AED 105.56 billion. This is also the highest secondary real estate sales transaction value since 2008.

2021 when compared to 2020 showed an increase of 74.77 percent in sales transaction volume and an increase of 110.19 percent in value. To put it in perspective, when we compare to pre-covid times such as 2019, 2021 showed an increase of 55.47 percent in volume and an increase of 90.10 percent in value.

Q4 2021
Q4 2021 had a total of 17,942 transactions worth AED 46.75 billion. Both volume and value of transactions being the highest since Q4 2013.

In Q4 2021, 55.9 percent of all transactions were for secondary/ready properties and 44.1 percent were for off-plan properties. When we look at the volume of transactions, the off-plan market transacted 7,913 properties worth a total of AED 16.92 billion and the secondary market transacted 10,029 properties worth a total of AED 29.82 billion. 

Q4 2021 when compared to Q4 2020 showed an increase of 64.12 percent in sales transaction volume and an increase of 114.74 percent in value. To put it in perspective, when we compare to pre-covid times such as Q4 2019, Q4 2021 showed an increase of 47.53 percent in volume and an increase of 97.59 percent in value.

Comparing Q4 to Q3 2021, the volume of off-plan transactions increased by 14.53 percent and the secondary/ready property sales transactions increased by 11.22 percent. The value of off plan sales transactions increased by 25.38 percent and the value of secondary sales transactions increased by 3.36 percent. We have seen a surge in off-plan sales transactions in Q4 which is reflected in the fact that this is the highest volume and value of off-plan sales transactions in a given quarter since Q1 2010.

Lynnette Sacchetto, Director of Research and Data at Property Finder commented that  “Despite the fact that many decided to travel for the first time in over a year during the holidays, Q4 didn’t seem to see a slowdown in sales transactions. Investor sentiment remains strong, demand is still very high and supply is dwindling. This has put an upward pressure on prices as they still continue to rise and will most likely continue into H1 of 2022.”

EXPO2020
Expo2020 appears to have had an impact on the Dubai Real Estate Market. Since its start on 1st October 2021, the Dubai Real Estate market has seen a total of 17,942 sales transactions worth AED 46.75 billion. This is the highest volume and value the Dubai real estate market has transacted during a quarter in over 8 years.

About Property Finder – www.propertyfinder.ae 

Property Finder is the leading property portal in the MENA region and Turkey that facilitates the house-hunting journey for both buyers and renters.

Founded in 2007, the website has evolved over the years as the go-to platform for developers, real estate brokerages, and house hunters to make informed decisions on all things real estate.

A UAE-born start-up, Property Finder has branched out of the country’s shores and operates in a total of seven markets, including Qatar, Bahrain, Saudi Arabia and Egypt, and has a significant stake in the second-largest property portal in Turkey, which has over 6 million monthly visitors and more than 18,000 real estate agents. 

US private equity firm General Atlantic led Property Finder’s latest round of investment of a total of $120 million in 2018. This is being used to hire further exceptional talent and investing in its technology and product capabilities.

The property portal employs over 450 employees globally, of which 204 people work out of its Dubai office, and generates over six million monthly visits as a Group.

In April 2019, Property Finder announced the acquisition of JRD Group, following an increased investment in Turkish portal Zingat.

In 2014, Property Finder acquired eSimsar.com, the top property portal in Saudi Arabia, while in 2013, the Group bought out realestate.com.lb, the number 1 property portal in Lebanon, and lastly, the acquisition of Selektimmo, a Moroccan portal, to pad out sarouty.ma, Property Finder’s Moroccan offering, in 2016.

For media enquiries, please contact
Faisal Zaidi
faisal@propertyfinder.ae 

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© Press Release 2022

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