Volume Concentrations
In the post-COVID period, the largest concentration of Ejari transactions have
been in the middle markets, and specifically in 1 and 2 bedroom apartments.
Top Performing Communities
Looking at the best performing communities in terms of price appreciation per
year, there are two marked shifts in the trends that appear. There is a clear shift
away from the dominance of luxury communities, as the middle markets have
turned out increasingly strong performances up to July of this year. Newer
communities have also started to rise to the top, despite older communities still
dominating.
New versus Renewed Contracts
Comparing the mean values for a set of communities, we can see that newer
communities have generally seen better price performance across both new
and renewed contracts than older communities. However, when we look at the
median Ejari values for the same set of communities, we see that new
communities have mostly surpassed their pre-pandemic benchmark, but
renewed contracts are yet to match the levels we saw before the outbreak of
COVID.