All the high-end and luxurious segments have witnessed tremendous sales. Prices varied from region to region but each showed an increase in sales increasing the total transaction value and volume.
Dubai's real estate market is turning the tables. It is performing outstandingly well and is surprising everyone with its continuous growth. Post-pandemic it has evolved greatly and even performed very well this year in comparison to the last year.
The Dubai real estate market saw a total increase in sales of 25% in the second quarter of 2022 and also an increase has been seen from the first quarter of 2022 as well.
Some Extractions:
Monthly property sales value 2021 vs. 2022 (according to DLD)
| MONTH | 2021 | 2022 | TOTAL INCREASE |
| JANUARY | 6.6B | 16.7B | 152.5% |
| FEBRUARY | 7.4B | 16.4B | 123.2% |
| MARCH | 10.7B | 22.6B | 111.7% |
| APRIL | 11B | 18.2B | 65.1% |
| MAY | 11B | 18.4B | 67.3% |
| JUNE | 14.7B | 22.8B | 55.2% |
| JULY | 8.9B | 16.9B | 89.3% |
This data clearly shows the increasing interest of customers in the Dubai real estate market and the overall impact on the market. How well it is performing! The market is performing dynamically with the shift of prices in rentals and sales. Some areas witnessed growth while some were low.
“The decrease could be due to affordability or investors taking advantage of the high ROI achievable in the area without having to buy the larger, more expensive units in prime towers, however, they are top communities when it comes to sales transactions,” explained Allsopp.
“The decrease could be due to affordability or investors taking advantage of the high ROI achievable in the area without having to buy the larger, more expensive units in prime towers, however, they are top communities when it comes to sales transactions,” explained Allsopp.
The rise comes after various government initiatives providing visas for remote working and 100 percent business ownerships, Allsopp said.
It is not like the sales have been seen in the affordable section, instead, the maximum activity has been observed in the luxury villas with the sales price increase by 62% and an 11% decrease in property transactions valued at AED10 million. The real estate market of Dubai is maturing now and is seeing an impetus being dominated by area and property.
