Property type
No. of bedrooms
Area
Show offers

In 2019, Dubai property sales were up by a fifth compared to the previous year

07.01.2020
The overall volume of real estate transaction recorded in 2019 broke the 11-year record.

Dubai real estate sales are constantly breaking records. Imexre.com wrote that in October 2019, sales reached an 11-year high on a monthly basis. Then 4774 real estate units were sold, which was the highest figure since 2008. And November even doubled Dubai’s records as for sales.

And now, the new data from Property Finder report shows that overall real estate sales registered by the Dubai Land Department (DLD) rose by 20% year-on-year, reaching a new 11-year high. In total, 41 988 real estate transactions have been concluded in Dubai in 2019.

The total value of the off-plan properties sold during the whole year of 2019 was 23,643.

Explaining the uptick in sales number, experts point out to the new accounting policies from private banking, changes in laws general global economic situation in the UAE. A lot more UHNWIs [ultra high net worth individuals] also are finding Dubai to be a safe haven for investing their properties.

The top five areas with the highest overall property sales transactions in 2019 were Business Bay with 3,146 transactions, Downtown Burj Khalifa with 2,816, Dubai Creek Harbour with 2,492, Dubai Hills Estate with 2,373 and Dubai South with 2,048 deals.

Luxury residential property buyers most often pointed to the Springs and Bur Dubai as their priority destinations for real estate investments, while potential commercial units buyers most often chose Deira and Downtown Dubai.

There were also over 45,000 units completed in 2019, according to Property Finder – the highest number of units finished in one year since 2014. Dubai also registered 18,345 transactions in the secondary market last year.

To always stay up to date with the latest analytics data and real estate prices in Dubai, subscribe to our newsletter using the form below. And in order to sell, lease or buy/ rent housing or commercial properties in Dubai, contact IMEX Real Estate. Our contacts:

Tel. in Dubai, UAE: +971 (50) 2528188 (Whatsapp, Viber, Telegram)

Toll Free Dubai: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Email: pm@IMEXre.com

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required

SOGA1 SOGA2
Request a call back

SOGA1 SOGA2
Call management

SOGA1 SOGA2
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management