May results – real estate market records

May results – real estate market records
According to the report of the Dubai Land Department:

In May 2022, 6,635 property sales transactions worth $4.9 billion were completed in Dubai.

This is the highest figures for the month of May since 2009.

3,883 transactions worth $3.2 billion – secondary and ready properties

2,752 transactions worth $1.7 billion – off-plan properties

Compared to May 2021:
  • The value of transactions in the secondary market increased by 42%
  • The value of transactions in the primary increased by 147%
TOP areas for sales:

Apartments
  • 1 Burj Khalifa
  • 2 Business Bay
  • 3 Dubai Creek Harbour
  • 4 Dubai Marina
Villas & Townhouses
  • 1 Madinat Al Mataar
  • 2 Wadi Al Safa 5
  • 3 Wadi Al Safa 7
  • 4 Emirates Living
Of the total value of property sales transactions:

9% – Villas
73% – Apartments
18% – Land plots

Source: Arabian Business