Research from international real estate services firm, Chestertons, has revealed that completed units are transacting well, despite the downturn in transactional volumes across the rest of the market.

Completed unit transactions saw a 22 per cent increase over Q3 and an overall 7 per cent uplift across 2018.

Ivana Gazivoda Vucinic, Head of Consulting, Chestertons MENA, says that although the real estate market recovery in Dubai continues to be hampered by the increasing excess supply being released to the market, most residential transactions are accounted to completed units.

"Our research has highlighted 41 per cent of all residential transactions now relate to completed units, up 6 per cent from 2017, indicating a shift in buyers’ interests, with the trend set to gain further momentum in 2019 as developers offer attractive incentives and long-term payment plans."

Key Takeaways from Dubai Market Report Q4 2018:

• Apartment and villa rentals were down 4 per cent and 3 per cent respectively quarter on quarter
• Performance for apartments saw rents down 12 per cent and villas 8 per cent from 2017
• Sales prices for apartments declined 5 per cent and villas notched a 3 per cent decrease when compared with the previous quarter.
• Year on year performance for apartments saw sales prices down 16 per cent and for villas 13 per cent from last year