SALES ANALYSIS (OFF PLAN & READY TRANSACTION
A complete of roughly 6,368 housing transactions befell in September 2023. This represented a lower of 23% in comparison with the earlier month. The numerous portion of this decline was seen in off-plan transactions, which noticed a notable decline of 57% month-on-month. Conversely, turnkey transactions noticed a considerable enhance of 34%. To place this into perspective, the transactions that befell in September represented 10% of the entire variety of transactions to date in 2023, which amounted to 62,590.
VOLUME RESIDENTIAL SALES
In September 2023, all residential transactions have been value AED 15.56 billion, which is 16% lower than the earlier month. Of this, 65% got here from turnkey gross sales, with the rest made up of turnkey properties.
Wanting on the modifications from the earlier month, the worth of off-plan property gross sales fell by 57%. However, the worth of turnkey gross sales skyrocketed by 65%, turning into the highest driver of transactions for the month. Which means in September 2023, the marketplace for ready-to-live properties was very lively and rising considerably, whereas the marketplace for off-plan properties noticed a decline in exercise.