Betterhomes affirms Dubai’s property market is “back in the spotlight”

Betterhomes affirms Dubai’s property market is “back in the spotlight”

05 August 2021, Construction Week –

UAE residents have been investing heavily into property over the past 6 months, increasing the number of units sold by 70% over the same period last year and 52% compared to H1 2019.

Due to numerous lockdowns,villa transactions increased by 167%, meanwhile, townhouse transactions rose by 97%. The number of buyer leads for the properties jumped by 123%, whilst sales increased by 146%.

According to Betterhomes data, the number of UK buyers increased by 600% in H1 2021 as they jumped from 10th place in H1 2020 to 2nd place in the company’s ranking of buyers by nationality.

Furthermore, average property prices per m2 increased by 24% for villas and townhouses and 3% for apartments in H1 2021.

Richard Waind, Betterhome’s Group Managing Director, said: “In the first half of 2021, the Dubai property market saw transaction levels at their highest for over a decade. Domestically, low interest rates and improving job sentiment, coupled with a focus on the “home” brought on by the pandemic, have led to a surge in demand from residents.”



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