Thanks to Property Monitor I now have access to some great data regarding Property Developers performance and market share.
Over the past 18 months or so, we have seen a slow down in project releases, more affordable pricing and realistic structured payment plans.
Since the beginning of Q2 2019, Emaar has seen the majority share of apartment sales 23.6% – from 1,011 sales at an average price of AED1,734 per sq ft. The 2nd largest share, 10.9% is held by Damac with 566 sales at an average of AED1,218 per sq ft.
Emaar is also the leading Developer for Villa and Townhouse sales with a share of 41.1% of the market in Q2 of 2019 which equated to 393 sales at an average price of AED869 per sq ft. Dubai Properties has the 2nd largest market share of 19.5% from 186 sales at an average of AED766 per sq ft.
Compared to Q2 2019, the figures show little difference with Emaar with the largest market share overall with a 15.3% share of apartment sales, 1052 transactions and 30.2% share of Villa/Townhouse sales, 433 transactions.
If you want to find out more about off plan options please reply to this email.
data from propertymonitor.ae compiled by Laura Adams
Developer Market Share Q2 2019 (Apartments)
Emaar Share Q2 by Area (Apartments)
Developer Market Share Q2 2019 (Villas/Townhouse)
Emaar Share Q2 by Area (Villas/Townhouses)
