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- Find out more about Dubai, UAE: record-high mortgage transactions, luxury real estate prices and Samana Developers
Record mortgage transactions are registered in Dubai in 2021:
- 19,520 transactions worth $34.8 billion
This is the highest numbers since 2017. Compared to 2020:
- Transaction volume increased by 51%
- Transaction value increased by 46%
From Q1 to Q3 2021, 83% of mortgage transactions were made by first-time buyers.
Dubai is among TOP-3 world cities in terms of luxury property market price growth in 2021.
According to the research by the consultancy, Savills, compared to 2020, prices have increased in cities: 1 Miami – by 21.3% 2 Los Angeles – by 19.7% 3 Dubai – by 17.4% The expected increase in prices for luxury property in Dubai in 2022 is 4-5.9%.
Samana Developers is among TOP-20 in Dubai according to the Dubai Land Department.
From September to December 2021, 296 developer's off-plan sales worth $53 million were registered. Sources: Gulf News, The National News, Khaleej Times
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