Dubai Real Estate Market Growth In H1 2022
Dubai Real Estate is showing progressive sales and ultimate growth. H1 2022 has shown a very strong growth jumping 60% from H1 2021
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Increasing interest rates and the strengthening dollar, even being together couldn’t beat the amazing growth of Dubai’s real estate market. Showcased the prolific growth in H1 2022, it is still going active and strong.
With the stable market condition, the value and volumes of the transaction are seen growing. From January to June an outstanding growth of 37,762 total unit sales have been reported by DLD. A tremendous record has been made this year with an increment of 60% in sales in comparison to last year and the same time. 85% increases in the sold homes are observed from H1 2021 to H1 2022.
Dubai Residential market has got a good pick with an increase in sales in every section. Apartments have got a major boost following the trend of villas and townhouses. A total of 25,705 transactions have been observed with a 62% boost in overall sales.
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APARTMENTS IN UNITS
- 2021: 15,863
- 2022: 25,705
TOWNHOUSES IN UNITS
- 2021: 4,310
- 2022: 8,053
VILLAS IN UNITS
- 2021: 3,360
- 2022: 4,004
For investors, Dubai comes in the top position because of the eye-catching capital growth, high yields, government-leading programs and more boosting the sector. Well, these are the reasons that have also given a boost to the countries to come and invest in Dubai. The market is showing different trends like globally many real estate markets are going down witnessing inflation but this is not the case with UAE.
Let’s check out the data providing clarity for the Dubai real estate market; the data has been brought out by DLD.
Total Sales Transactions
|
MONTH |
2021 |
2022 |
|
JANUARY |
2,915 |
5,151 |
|
FEBRUARY |
3,141 |
5,594 |
|
MARCH |
3,841 |
7,158 |
|
APRIL |
4,169 |
6,133 |
|
MAY |
3,991 |
5,807 |
|
JUNE |
5,476 |
7,919 |
Total Sales Value (AED Billions)
|
MONTH |
2021 |
2022 |
|
JANUARY |
5.39 |
11.82 |
|
FEBRUARY |
5.59 |
12.59 |
|
MARCH |
8.10 |
17.28 |
|
APRIL |
8.46 |
14.58 |
|
MAY |
8.95 |
14.18 |
|
JUNE |
11.56 |
18.54 |
This clearly shows how the market is showing headwinds staying untouched by any side effects. The consistent capital growth and the high rentals are continuing to be the reasons for fetching eyeballs from all over the globe. Golden visa changed rules with the reduction in the investment amount is also a reason for increased investment as it has got a good drop to AED 2 Million.
