A report by “Property Finder” revealed an increase in the value of real estate transactions, exceeding 7.2 billion dollars, reaching an increase of 46% compared to the same month last year, so that the month of April recorded the highest rate of number and value of transactions for the same month in the last ten years, which the report says reflects the changing tastes and preferences of landlords and tenants.
According to the figures, 58.2% of people wishing to become owners are looking for apartments, while 41.8% are interested in villas or townhouses.
The month of April saw an increase in the number of investors or individuals looking for apartments, reaching 58.2% of the total number of those wishing to own a home, compared to 55.8% for the same period last year.
The search data also indicated that about 35.2% of housing seekers are looking for two-bedroom apartments and 31% of them are looking for one-bedroom apartments.
When it comes to rent, research data indicated that around 78.3% of rent seekers are looking to rent apartments, while 21.7% are looking for villas or townhouses. Furnished apartments accounted for 64.1% of market demand, while 34.2% of requests were for unfurnished units.
As for renters looking for a villa or townhouse, about 56.8% of them want unfurnished accommodation, while 42.1% want to rent furnished villas or townhouses.
During the month of April 2023, data revealed that approximately 33.4% of renters were looking for one-bedroom units, 30.7% for two-bedroom units and 23.8% for bachelor units.
For villas or townhouses, 41.6% of renters are looking for three-bedroom units and 36% are looking for units with four or more bedrooms.
Over the past month, off-plan real estate sales transactions have supported the upward growth of the real estate market in Dubai, as they accounted for 48.2% of total sales and 30.3% of the total value of completed transactions. in April. The value of off-plan real estate transactions increased by 43.7% year-on-year to 3,894 transactions, compared to 2,709 transactions in April 2022.
On the other hand, the value of ready real estate transactions recorded an increase of almost 44% on an annual basis, reaching around 5 billion dollars, compared to 3.5 billion dollars in April last year.
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