March 2018

2018 is still steady going into March, January and February transactions were better than projected.

The oversupply and continuation of launches for new off plan projects is still a concern, but fortunately, we are leasing and selling, if the price is right.

I thought it would be a good idea to compare January and February 2018 against the same period in 2017.

The results are as follows:

Jan/Feb 2017

Secondary Market – Transferred
Apartments – 1,917
Villas – 241
Total – 2,158

Off Plan – Aqood Registration
Apartments – 3,653
Villas – 756
Total – 4,409

Jan/Feb 2018

Secondary Market – Transferred
Apartments – 1,466
Villas – 220
Total – 1,686

Off Plan – Aqood Registration
Apartments – 3,132
Villas – 117
Total – 3,249

As you can see from the above the secondary market transfers have decreased from 2017 to 2018 by 24.5%.

Off plan Aqood Registrations in the same period, sales have decreased in 2018 by 30.3%.

The beginning of the year is mostly renowned for being quiet across the globe in real estate, but for the current global economic situation, these figures have not decreased by over a quarter.

If you are looking to sell, buy, lease or rent a property please reply to this email

Have a great week.

Laura Adams, Managing Director, Carlton Real Estate.

(data compiled by Laura Adams, provided by

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