August results–real estate market records

August results–real estate market records

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  • Real estate market records for August

August results–real estate market records

According to the report of the Dubai Land Department:

  • In August 2022, 9,733 property sales transactions worth $6.6 billion were completed in Dubai.

This is the highest figures for the month of August since 2010.

  • 5,335 transactions worth $4.3 billion for secondary and ready properties
  • 4,398 transactions worth $2.3 billion for off-plan properties

Compared to August 2021:

  • The sales volume changed by 70.6%
  • The transaction value changed by 64.5%

TOP areas for sales: Apartments

  • Business Bay
  • Jumeirah Village Circle
  • Burj Khalifa District
  • Arjan

Villas & Townhouses

  • Madinat Al Mataar
  • Emirates Living
  • Villanova
  • Wadi Al Safa 7

Of the total value of property sales transactions:

  • 72% – Apartments
  • 19% – Land plots
  • 9% – Villas
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