Residential Market Monthly - July

• Residential demand has picked-up in July with more than 15,300 units transacted across the city.
• Residential properties worth AED 40.5bn were transacted in July.
• Demand for off-plan units has remained strong. Transactions in July mirror the demand trend we have been noticing since the start of the year. A total of 10,160 under construction units were sold in July, representing 66% of the demand.
• Close to 10% of the approx. 90,000 units sold across Dubai to date has been across developments in JVC. The micro-market has been a preferred location for both end-users and investors due to the relatively affordable ticket prices.
• On average, prices across apartments and villas have increased by 2% m/m. With the marginal increase in prices in July, annual price points across the city are 19% and 24% higher across apartments and villa developments respectively.
• Close to 14,100 units have been handed over across the city YTD. There are an additional 38,700 units due for completion by the end of the year.

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