Sales total for quarter 1 2022

Sales total for quarter 1 2022

Dubai's real estate sector has registered 19,009 sales transactions. This is the best Q1 number of sales ever on record. According to global commercial real estate services, CBRE. TOP areas for sales: Apartments 1. Business Bay 2. Jumeirah Village Circle 3. Dubai Creek Harbour 4. Sobha Hartland Villas & Townhouses 1. Villanova 2. Al Yufrah 1 3. Madinat Al Mataar 4. Wadi Al Safa 5 For the іn Q1 2022, average prices increased by 11.3%: Apartments – by 10% ($3,275 per sqm) Villas – by 20.2% ($3,711 per sqm) The highest average sales prices were recorded in areas: Apartments – Downtown Dubai ($5,920 per sqm) Villas – Palm Jumeirah ($8,524 per sqm) Rent prices increased by 13.1%: Apartments – by 11.7% ($21,780 per year) Villas – by 22,5% ($64,900 per year) The highest rent prices are recorded in areas: Apartments – Palm Jumeirah ($53,765 per year) Villas – Al Barari ($218,333 per year) Source: Arabian Business