AUGUST 2022 RECORDS THE HIGHEST SALES TRANSACTIONS WORTH AED 24.34 BILLION IN LAST 10 YEARS

August grandstand a positive opinion on the land area with a record development in the complete deals exchanges. During the period of August 2022, deals exchanges surpassed last year’s exchange with a critical increment of 69.57 percent contrasted with August 2021, which recorded the best execution for a month at any point kept over the most recent 10 years.

The auxiliary market keeps on catching the housing market with the biggest exchanges by 54.81 percent regarding volume and 64.91 percent concerning esteem. Contrasting the general year on year execution with a similar period last year the optional market saw the second most noteworthy exchange volume at any point arrived at in a month through the last ten years which expanded by 67.55 percent as far as volume contrasted with August 2021, and around 57.35 percent regarding esteem.

The off-plan deals exchanges accomplished the most noteworthy exchanges volume in August 2022 and kept a huge increment by 72.10 percent with regards to volume, and 76.50 percent concerning esteem, contrasted with August 2021.

Then again, the all out tenant agreements in August 2022 arrived at 47,212 enrolled leases of which 60.53 percent were new agreements while 39.47 percent were recharged. Yearly agreements procured 87.27 percent of the complete agreements while 12.73 percent were non-yearly. Furthermore, the enlisted leases for private purposes obtained 70.92 percent of the absolute agreements, while 28.16 percent were enrolled for business purposes.

August’s tenant agreements stayed solid and saw a 10.57 percent expansion, upheld by the new agreements which expanded by 19.43 percent contrasted with July 2022. The yearly agreements keep on ruling the rental market and developed by 12.29 percent contrasted with July 2022 and 4.4 percent Year-on-Year, while the rental leases for business purposes saw an increment of 21.34 percent contrasted with July 2022. In addition, the rental leases for private purposes expanded by 7.45 percent contrasted with July 2022.