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First Ever Record In 9 months, Dubai Real Estate Sales For Dhs180 Billion

Dubai real estate enjoying maximum sales transactions of 67178 pricing Dhs180.72 billion recorded in 9 months of 2022, and the number is about increase in its remaining months.

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Dubai Housing

Real Estate

Contents

Do You Know The Top Areas For Most Rental Transactions In 2022?CONCLUSION

Now Dubai is way bigger than Burj Khalifa where with the pool of tourists, the real estate has turned the table completely and shown incredible growth of Dhs180 billion in just 9 months and this is going to spiral in the remaining months.

And interestingly, higher rental yields and Dubai property price per square foot is lower than many cities, so this works as robust factors to sway more and more foreign investors to be a part of the affordable location.

And as far as the ROI in Real estate is concerned, Dubai studio apartment has shown 10.9% ROI which converts every deal into a lucrative decision for novice investors, in fact, easy norms, policies to support entrepreneurs, and investors, new residency law, and rapid growth in the real estate sector all are working as the game changer for Dubai Real Estate and this has improved the number of deals and went to 67178 deals in 2022 and this was 42556 deals in 2021, so the comparison showcases the improvement.

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Emaar Address Grand Downtown Emaar Albero at Green Gate in Dubai Creek Harbour Emaar Palace Villas Ostra at The Oasis Dubai Golf Meadow at Emaar South Dubai Sobha Starline Beach Residences at Siniya Island

Do You Know The Top Areas For Most Rental Transactions In 2022?

Here is the list of the areas in Dubai have a look :-

Al Warsan First- 8,311
Jebel Ali Villadge First- 8,033
Naif- 6,630
Business Bay- 6,605
Al Karama- 6,160
Nadd Hessa- 6,058
Marsa Dubai- 5,895
Al Nahda Second- 5,725
Al Barsha South Fourth- 5,680
Al Suq Al Kabeer- 5,491

In fact, demand for both ready to move and off plan has increased the sales, where ready property sales rose by 27.5 per cent in the month of August and 4,400 sales valuing Dhs 8.5 billion for off plan properties during August 2022.

And unbearable years (2019 & 2020) trapped in Covid 19 shown the sales of Dhs 54.43 billion and Dhs48.63 billion respectively and in 2022 it has increased by Dhs 126.29 billion growing more opportunities for the new buyers who are seeking secured investment with the intention of a good return. Besides this, the rapid growth of the oil and non oil economy in the UAE encourages the overall GDP of Dubai.

Now look at the table showcasing the range of first 9 months sales 2000-2022

SALES/DHS BILLION	NO. OF DEALS	YEAR
180.72	67178	2022
102.64	42556	2021
48.63	23404	2020
54.43	26404	2019
55.79	24381	2018
88.18	35833	2017
74.98	9549	2016
95.17	34992	2015
101.72	41180	2014
91.87	42632	2013
48.86	25196	2012
45.94	23488	2011
66.27	38840	2010
115.83	72689	2009
91.29	16764	2008
31.15	5548	2007
13.07	1751	2006
12.65	2142	2005
4.42	2183	2004
4.42	1512	2003
3.41	1536	2002
2.60	1075	2001
1.16	696	2000

So the above table showcases the complete comparison of 12 years from 2000-2022 where if comparing the highest sales to the lowest it showcases the big difference of 179.56 and this appreciation is incredible for any city because this jump enhances the overall standard of Dubai where this factor works as an opinion changer and the stronger reason for the new buyers who are still skeptical about foreign direct investment (FDI).

On the other hand if talk about property appreciation, then here let us compare two different years 2022 and 2009, so the total deals in 2022 are 67178 cost Dhs 180.72 billion whereas 72689 deals in 2009 cost around Dhs115.83 billion.

Deals Difference- 5,511

Cost Difference – Dhs64.89 billion

So the main motto behind this difference is to showcase the price appreciation the existing investors are already having its edge and if you become the next buyer then it wouldn’t be a decision to repent ever.

CONCLUSION

So the whole idea of presenting this marvellous growth in Dubai is to showcase the stability and growth of the Dubai real estate market where both novice and experienced buyers can find out qualified property with high ROI and strong rental for monthly addition.

And in case you are seeking the best property options with better ROI, then here at Dubai Housing you will find ultra luxury properties by DAMAC, EMAAR, Sobha, Nakheel and lots more who are the top-rated real estate developers.