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Dubai Market in Minutes- Al Barari, Dubailand - Q1 2021

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MARKET HIGHLIGHTS

 

  1. Transaction activity remained upbeat in Q1 2021 as close to 10,000 units were transacted across the city, an increase of 5% y-o-y. 
  2. Demand for ready properties continues to outstrip off plan sales, a trend we have witnessed since H2 2020. Close to 65% of the transactions in Q1 2021 were observed for ready properties.
  3. Al Barari has been among the key sub-markets in Dubai where an increase in transactions and enquiry levels were observed. It also follows the trend of high-end luxury villa demand that Savills have witnessed since summer 2020.
  4. The developer has recently launched Chorisia, a collection of 60 semi-detached villas which has received strong interest.
  5. Limited availability and sustained demand levels has led to a subsequent increase in asset pricing across the community.

 

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