The Dubai Home Sales Index increased by 12.1 percent in May 2020 compared to the base year of 2012.
According to the Emirates News Agency, the index recorded a growth of 0.5 percent compared to the previous month of April and a positive change of 1.54 percent in the past two months.
While the apartment sales index increased in last month by 1.189 points, which is the highest level since April 2019, while villa units and villa complexes recorded 1.060 points, which represents a level Positively positive for the index since November 201.
This came in the third edition of the official sale price index in Dubai launched by the Dubai Land Department in cooperation with Propertyfinder, which was taken in 2012 as the base year and from January 2012 The base month and the first quarter of 2012 the base quarter.
The Department of Lands and Properties in Dubai announced during the first five months of 2020 the registration of 1440 sales amounting to 2.47 billion dirhams, as project sales acquired the map or the initial sale. At a rate of 66.5 percent, and the resale share reached 33.5 percent, bringing the total number of sales transactions during this period 2020 to 13590 sales transactions worth 28.8 billion dirhams.
Latifa Ibrahim Ahmed, Director of the Department of Real Estate Studies and Research in the Department said that the numbers mentioned by the index reflect the Dubai real estate market maintaining its attractiveness even in these exceptional circumstances, and a regular release of this The indicator is to provide an invaluable tool for developers, investors, landlords and tenants.
She added that the index aims to establish trust between all parties and improve the transparency of transactions and decision-making based on reliable data, as this generally means contributing to the promotion of our real estate sector and its credibility and assistance in Maintaining its position among the best global investment centers.
The value of the selling index in the Emirate of Dubai for the month of January 2020 reached 1.112 points, while the average selling price of the index amounted to 1,072,002 dirhams during the same month, followed by a decrease to 1.104 points in February 2020 .. It also decreased in March 2020 to 1.100 points, while the index returned growth again in April 2020 when it reached 1.115 points and gained momentum last May with the value of the index reaching 1.121, representing an increase of 0.8 percent since the beginning of the year and an increase of 0.54 percent On a monthly basis.
The value of the monthly index of apartments in Dubai for the month of January 2020 amounted to 1.174 points, but recorded a decrease in February 2020 to reach 1.167 points and continued ...
