July 2017 has showed the highest number of off-plan apartment transactions ever recorded since Dubai Land Department started sharing Oqood data with the public in 2012, a report said.

“There are still four days left in July, but as of today (July 27), we are showing 1,719 off-plan apartment transactions,” said Lynnette Abad, partner and head of Property Monitor.

The top five areas posting the most off-plan transactions are: Business Bay, Downtown Burj Khalifa, Dubai South, Jumeirah Village Circle and Mohammad Bin Rashid City, Abad said.     

Property Monitor is UAE’s unique real estate data platform offered by RICS accredited property professionals. The data and analytics is aimed at increasing transparency for the agencies, developers, consultancies and banks by way of real-time data access and expert intelligence to make informed decisions, based on actual transactions, values and trends, it said. - TradeArabia News Service