Episode 6 - Part 2: Positive Price Movement and H1 2021 Overview

Property Talk from Louise's Lounge

At the beginning of this week, we brought you Part 1 Episode 6 of our Podcast, Property Talk from Louise’s Lounge. Today we GO LIVE with Part 2 “Positive Price Movement and H1 2021 Overview”. Host Louise Heatley continues her chat with Chief Operating Officer of Property Monitor, Zhann Jochinke and our very own Dubai Marina Branch Manager, Michael Cullen. With a great foothold in the region, a passion for data and his IPAD open, Zhann explains how Property Monitor is processing, vetting and cleansing facts and figures making available data as granular as possible. As the region’s leading real estate intelligence platform, Property Monitor provides monthly real-time reporting however Zhann is happy to share his overview of H1 2021 and what he hopes for in H2.

• Transaction numbers across all asset classes in H1 2021 has increased by 71% compared to H1 2020.
• Michael explains how he and his team in Dubai Marina have seen travel and lockdown restrictions affect buying patterns and ownership transfer times. Why are buyers walking into our shop with a AED3M budget buying property at AED9M?
• So is there no stock or just a lack of desirable inventory? Villas and Townhouses are under supplied in an over saturated market. Buyers are placing a higher value on their outdoor space and lifestyle priorities.
• Why has there been such a boom in properties priced at AED10M+? There is a recorded 233% growth in this price tier H1 2021 compared to H1 2020. Speciality Markets like Palm Jumeirah are still selling well and a great buy.
• H1 2021 compared to H1 2020 has seen 148% increase in Mortgage transactions. But who is borrowing and who is lending? What are bulk mortgages?