Luxhabitat reveals booming Palm Jumeirah property market | Information

Figures from the most recent Luxhabitat Property Monitor Report have revealed a buoyant property market on the Palm Jumeriah.

The Dubai-based actual property advisor discovered over 1,737 villas and 6,194 flats noticed possession transferred inside the first quarter of 2019 within the total residential market.

The quantity of transactions within the secondary market was AED20.four billion, in comparison with AED 18.5 billion in quarter 4 of 2018.

The figures represented a ten per cent enhance for the early month of 2019.

The common worth per sq. foot for property within the Palm Jumeirah additionally went up, though by solely 2.5 per cent.

Off-plan registration volumes additionally elevated by 28 per cent from the earlier quarter, to AED 7.four billion.

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