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Real estate: surge in Dubai’s off-plan sales in November

The report says that off-plan dealings in November accounted for 49.5% of total property sales in Dubai.

The report says that off-plan dealings in November accounted for 49.5% of total property sales in Dubai.

Remarkable Rise in Off-Plan Transactions

November witnessed a substantial surge in off-plan sales in Dubai, marking a remarkable 105 percent increase compared to the previous month. ValuStrat Price Index data reported over 4,200 transactions in this category during the month.

Contract Registrations Down Year-on-Year

Despite the surge in off-plan sales, contract registrations observed a decline of 27.1 percent compared to the same period last year. This downturn in registrations contrasts with the heightened off-plan transactions, indicating a discrepancy between the recent surge and the comparative figures from the previous year.

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