Espace Real Estate Brokerage reveals a 38% increase in the volume of sales transactions in the apartment market during the third quarter of 2022

The leading real estate brokerage company achieved a 12.6% increase in total sales transactions during the third quarter of 2022, compared to the second quarter of 2021.

The company has also managed to become the link between more than 10,000 potential buyers, buyers, sellers, owners, tenants and investors, through 54 mid-level malls in Dubai.

Dubai, United Arab Emirates: Espace Real Estate, one of the leading real estate brokers in Dubai, revealed a 38% increase in sales transaction volume in the apartment market and a 12.5% ​​increase in sales transaction volume in the private villa market during the third quarter . From 2022, compared to the volume of sales transactions during the third quarter of 2021. More than 14 years of experience in the booming real estate market in Dubai, Espace Real Estate has facilitated the sale and rental of thousands of properties in Dubai major complexes in Dubai, including the complexes The blooming complex of lakes, fountains complex, meadow complex, Arab farms complex, palm jumeirah, jumeirah lakes towers and many more.

Espace real estate brokers also recorded a 35% increase in average rental prices compared to the third quarter of 2021, putting Dubai at the top of the real estate boom. As a prominent real estate market, Dubai has confirmed its position as one of the most popular cities in 2022. In September 2022, the Dubai Land Department recorded 8,651 property sales in Dubai. In other words, the brokerage firm is concerned with serving clients from all over the world, with the help of a team of more than 150 professionals from more than 25 nationalities. The company also previously provided a full range of services related to property, whether through residential sales and lettings, mortgage services, property management and short-term holiday rental properties, as well as dealing with more than 10,000 clients to date, including buyers, tenants , owners and sellers on Level 54 live locations in Dubai.

Commenting on the impressive results, John Lyons, managing director of Espace Estate Agents, said: “Since the start of 2022, the pace of the market has accelerated steadily, and we are pleased to see the momentum continuing in the third quarter, since as well as the steady and sustained growth of the sector. We at Espace Real Estate brokerage in 2022 have seen a huge year so far, thanks to the remarkable increase in transactions we have achieved.”

With the continued strong demand for housing, Espace estate agents have seen a significant growth in the volume of sales transactions in the private villa market on a monthly basis. In other words, the real estate brokerage company has recorded a significant increase in the volume of sales transactions in many of the most popular family villa complexes in Dubai,

Compare the third quarter of 2021 with the third quarter of 2022. This includes Victory Heights (up 63%), Jumeirah Park (up 37%), Jumeirah Islands (up 36%) and Jumeirah Village Triangle (up 30%). Complex (up to 29%) and Meadows Complex (over 22%). Other well-known villa complexes, such as Palm Jumeirah, Jumeirah Golf Estates, Arabian Ranches and The Lakes complex, also recorded a marginal decrease in the volume of sales transactions, due to the small number of transactions concluded.

In response to the above, the booming apartment sector in Dubai has grown strongly and remarkably, with the Palm Jumeirah area alone experiencing a staggering 79% increase in the volume of sales transactions. With transaction power continuing to grow, Dubai Marina, Downtown Dubai, Business Bay, Jumeirah Lakes Towers, The Views JBR and Palm Jumeirah Residences, the seven most popular apartment complexes following Espace, saw an overall increase of 38% in turnover. The broker also saw a 19% decline in Jumeirah Beach Residences, mainly due to the increase in the number of changing properties in the new Address JBR building in the third quarter of 2021. This market promises investors a competitive return on investment, especially in light of the strong demand in The market and the corresponding limited supply.

Espace, the real estate brokerage company, recently hosted the quarterly “E50” open event, widely recognized as the largest open event in Dubai, aimed at increasing support for potential buyers and investors, to learn more come across the large property. market in Dubai, and enables potential buyers and tenants to know various properties available all over Dubai in one day. In September 2022, Espace Real Estate Brokerage Company provided its services to more than 200 clients through the one-day event, which allowed everyone to inspect various properties.

Espace Real Estate Brokers continues to expand its presence in the Emirate of Dubai, as part of its efforts to keep up with the growing real estate sector in Dubai. As a result, the leading brokerage firm appointed Clementine Monroe in September 2022 to lead the apartment sales team. Monroe is an award-winning real estate agent with a deep understanding of the region and significant connections gained from over 10 years of living and working across the Gulf States. Working with High Net Worth (HNW) individuals, from individual assets to investment to home acquisition, Monroe has acquired extremely strong interpersonal skills and an excellent understanding of the global real estate markets. Therefore, Monroe will lead the growing condo team at Espace Real Estate Brokers, focusing on sales growth and talent development.

Elsewhere, Espace Real Estate Broker’s vibrant portfolio covers 54 operating communities, including Arabian Ranches, Dubai Golf Marina Properties, Victory Heights, Dubai Hills, The Springs, The Meadows, The Lakes, Jumeirah Islands, Jumeirah Park, Downtown Dubai, and the Green Community; The main ones are Palm Jumeirah, which in turn involved a record rental of a luxury 5-bedroom villa for AED 3.65 million; Brokered by Jam Blum and Younis Al-Khodari, the top performing brokers at Espace Real Estate.

In addition to managing world-class real estate and providing high-quality mortgage-related advisory services or selling and renting luxury apartments, houses and villas, the real estate brokers offer facilities for short-term vacation rentals, not to mention high-quality comprehensive services to support the sale and facilitate letting of off-plan properties.

For more information on the global services provided by Espace Real Estate Broker, please visit https://www.espace.ae/.

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About Espace Estate Agent

Espace Real Estate, established in the United Arab Emirates in 2009, is one of the leading real estate brokers in Dubai, providing a full range of services related to real estate, ranging from the sale and rental of apartments, mortgage services, property management and short vacation rentals. term.

The award-winning real estate brokerage brings a wealth of experience and designs world-class services that add value to the real estate needs of Dubai. The real estate brokerage company applies the unique standards of the British real estate agency to the real estate sector in Dubai.

On the other hand, Espace Real Estate Broker, with a leading market share of over 90,000 registered buyers, manages luxury and medium-sized properties suitable for families and expats living in Dubai across 54 residential complexes. Key locations include Arabian Ranches, Jumeirah Golf Estates, Victory Heights, Green Community, Dubai Hills, The Springs, The Meadows, The Lakes, Jumeirah Island, Jumeirah Park, Dubai Marina, Downtown Dubai, and especially Palm Jumeirah.

Espace Real Estate has grown rapidly to become a leading company in the real estate sector in Dubai, with an expert team of 150 real estate agents. Driven by the values ​​of transparency and passion, the expert team is multilingual and specialized in handling a dynamic portfolio of properties in Dubai; It also ensures that customers enjoy seamless operations tailored to their needs. Espace Real Estate has also won the Best Quality Broker Award at the Property Finder Awards since 2018, as well as the Best Agent Award for 2017 and 2019 respectively, thanks to its exemplary services and dedicated team of diversified and enthusiastic real estate agents. The leading real estate brokerage company has also won several awards as the “Agency of the Month” by Bayut.

In 2012, the award-winning broker presented its open event E50, known as “the largest open event in Dubai.” Finally, the winning brokers provide buyers with a platform to view multiple listings on the same day, and allow sellers to showcase their properties across a wide platform.

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