Dubai real estate market

DUBAI REAL ESTATE MARKET – SALES TOTAL FOR H1 2022
From January to June 2022, 42,953 property sales transactions worth ~$31 billion were registered in Dubai.

Of them:

59% – 25,370 sales transactions of ~$21.68 billion – secondary and ready properties
41% – 17,583 sales transactions of ~9.4 billion – off-plan properties

Compared to H1 2021, the total sales transactions increased by 59.9% in volume and by 88.1% in value:

The number of secondary and ready transactions increased by 47.1%, the value – by 73.2%
The number of off-plan transactions increased by 83.1%, the value – by 134.9%

June 2022 was a record month, showing the highest sales result since 2009.

TOP SALES AREAS:

Apartments
  • Business Bay
  • Burj Khalifa District
  • Jumeirah Village Circle
  • Dubai Creek Harbour
Villas and townhouses
  • Madinat Al Mataar
  • Villanova
  • Wadi Al Safa 5
  • Emirates Living