The top transacted areas for secondary sales in Dubai

A less risky secondary market keeps gaining points in a chase for investors and property end buyers. Read more for which areas with 100+ per cent increase in transactions volume seem to be the most luring for ready units purchasers.

Dubai secondary market saw a decline in prices in 2018 making the sector much more appealing to consumers than in previous years, says a recent report by the UAE’s widely known research and analytical company Property Finder Group.

"This trend prompted end-users to shift their sights from the off-plan market to a less venturesome secondary market. This coupled with the addition of 28,890 new units completed in 2018 has made the ready-made property market much more interesting to customers," remarked Lynnette Abad, the director, research and data at Property Finder Group..

Secondary sales deals increased by 12 per cent in 2018 compared to 2017, says the report. But, accounting for the fact that Dubai property market is characterized is highly variegated and spotty as for price increases and demand growth by certain areas and even communities, we offer you a short list of top transacted Dubai areas in different market segments.

1. As for the overall off-plan sales, among top transacted areas with sales transactions percentage change in 2018 compared to 2017, respectively, we can probably name such localities as Mohammed bin Rashid City (+30 per cent increase), Business Bay (+6 per cent).
2. The top transacted areas for apartments secondary sales, according to Propertyfinder latest data, were Dubai Sports City (+15.9 per cent), Jumeirah Village Circle (+6.3 per cent) and the Palm Jumeirah (+19.6 per cent).
3. And, lastly, the top transacted areas for ready-made villas/townhouses sales were Emirates Living (+6.4 per cent), Arabian Ranches (+7 per cent), Mudon (+286 per cent), Al Furjan (+468 per cent) and Town Square (+368 per cent increase), as for percentage change in 2018 sales transactions compared to 2017 sales transactions.

And nevertheless of area and price changes, we, at IMEX Real Estate, will always help you find the most suitable accommodation just for you, or the best investment option for the highest ROI you can get in Dubai in almost any residential community of Dubai. Just contact us at:

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