DLD Launches 2nd Edition of Mo'asher

Dubai Land Department (DLD), in partnership with Property Finder, have launched the second edition of Mo'asher, Dubai's official sales price index. Both entities are working to improve and expand it to become an annual, quarterly, and monthly index that includes the Q1 2020 index and the monthly index for 2020 until April. The base year for Mo'asher is 2012, and the base month for the monthly index is January 2012 with the base quarter for the quarterly index is Q1 2012. The new launch displays the history of how trends have changed over the past few years based on the data from Dubai Land Department, whereby Dubai registered a total of 40,517 sales transactions in 2019, representing a growth of 18 per cent in the volume of registered property sales transactions compared to 34,414 registered sales transactions in 2018.