Dubai Real Estate Market

Dubai Real Estate Market – Main Results 2022

According to the online real estate portal, DXB Interact, 97,252 property sales transactions worth $72.1 billion were completed in 2022. Number of transactions rose by 44.7%, the value increased by 76.5% compared to 2021. Also compared to 2021: – Off-plan volume rose by 100% and value increased by 144% – Secondary volume rose by 30% and value increased by 41% TOP AREAS ⠀ – By the number of transactions

• 1. Business Bay – 10,281
• 2. Dubai Marina – 7,725
• 3. Jabal Ali First – 6,841
• 4. MBR City – 5,797
• 5. JVC – 5,782

– By the average prices per m²

• 1. Palm Jumeirah – $8,300
• 2. Burj Khalifa – $7,200
• 3. Dubai Marina – $6,700
• 4. Business Bay – $5,400
• 5. Sobha Hartland – $5,300

Average property prices:

• Apartments – $272,000
• Villas - $735,000