All you need to know about Dubai Transactions on Bayut
Have you always wanted to know the actual transactional price of properties in Dubai? Our exclusive new Dubai Transactions section has all the information you need! This new launch is another step towards reiterating our commitment of providing you with greater transparency of the Dubai real estate ecosystem. In this article, we’ve put together everything you need to know about this immensely useful and innovative addition to the Bayut website.
WHAT IS DUBAI TRANSACTIONS?
The Dubai Transactions page allows you to gain an enhanced understanding of the property market using a detailed index of real estate transaction data sourced straight from Dubai Land Department (DLD). These details include, but are not limited to, property sales history, annual sales volume and value in a particular area.
Using this feature, you can make strategic, informed decisions while comparing advertised prices and actual transactional prices for any properties you might be interested in.
You can navigate to the Dubai Transactions feature on Bayut from the Market Intelligence tab on the desktop and mobile versions of the website.
HOW TO USE THE NEW DUBAI TRANSACTIONS FEATURE ON BAYUT
To learn about transactions in the areas you are interested in, simply filter the results using the following search criteria:
- Location (Neighbourhoods: Dubai Marina, Palm Jumeirah, etc)
- Property Type (Residential or Commercial)
- Completion Status (Ready or Off-Plan)
- Duration (up to a maximum of 12 months)
Once you enter the filters, you will have access to the following transactional data in the neighbourhood of your choice:
- Total Annual Property Sales (Volume): Total number of transactions that took place in the last 12 months in Dubai.
- Total Annual Property Sales Value (AED): Total value of the transactions in the last 12 months.
- Sales Breakdown: This includes the total number of property transactions, the total value of property transactions and the average transaction price per square foot.
In addition, the new page also provides a detailed breakdown of the Property Sales History in the area. You can use this section to better understand which buildings or sub communities these transactions have taken place in.
The details available under the Property Sales History section include:
- Location
- Date of Transaction
- Sales Price
- Property Type
- Number of Beds
- Size of the Property
*Please note that sales transaction details sourced from the government are only available for properties in Dubai.
USING MAP VIEW ON DUBAI TRANSACTIONS
To help you make smart decisions when looking for your next home in Dubai, we have added Map View on Dubai Transactions. This feature brings you a consolidated list of recent rental and sales transaction data on a map powered by TruView™.
Here’s how you can access Map View on Dubai Transactions:
- Click on the ‘View Transactions on Map’ option on the Dubai Transactions page:
- Then based on whether you are interested in rental or sale property in Dubai, this will give you access to the rental or sales transactions recorded in your area of interest during the last 6 months.
- Use the filters on the top of the screen to narrow down the rent or sale transactions & prices for real estate in Dubai based on the location, number of bedrooms, property type and more.
- You can also click on the teal and green icons to look at specific transactions in a particular sub-community or building.
For sales transactions, you can access the price the property was sold for, its built-up area, unit number, floor number and the transaction date.
Transactions for rental property in Dubai, show the total rent, rent per month, rental contract duration, unit number and whether the rental contract is a new lease or a renewal.
Using the Bayut transaction feature for Dubai, you can now fully utilise the power of data to conduct thorough research into areas of interest and make informed choices by considering actual real transaction variables.
We advise using the insights from Dubai Transactions in conjunction with the many other useful features on Bayut. Proptech tools like TruEstimate™ and TruCheck™, when paired with this latest feature, can help you invest your money in the right place!
We hope you enjoy exploring this new feature. If you have any feedback, please share it with us at social@bayut.com.
