A Murooj Al Furjan update to start your week!

Transactions per month vs price change

We can track the resale market transactions and price growth of Murooj Al Furjan

Initial secondary market transactions took place in Murooj East in late 2021 - the first sellers exiting at 5 - 7% premiums. A combination of factors including rapid construction progress and a 50 - 60% payable on handover helped contribute to expanding secondary market.

As handovers approach, transactions are declining on a monthly basis as available properties on the market is at its lowest at any time since we have tracked the market. There has been an increase in number of mortgage buyers registering who can purchase on handover when mortgages can be obtained.