The general manager of one of the largest real estate companies said: “The influx of capital and investors into Dubai indicates that the emirate is a leader in the real estate and tourism sector. It is considered a global icon due to its reliability, sophistication and authenticity, which has contributed to the rise in Dubai real estate prices. The UAE has achieved a certain level of progress and sophistication in all areas of services. Infrastructure and availability of security and safety facilities”

Real estate in Dubai offers a variety of apartment styles, spacious areas, and luxurious and distinctive designs, as the emirate of Dubai has a number of remarkable advantages that are not easy to find at the same time.

This has become especially valuable for investors from all over the world

Dubai’s real estate sector has set a record this year, recording around 88,000 property sales and purchases worth over AED 240 billion since the beginning of the year to the end of November last year.

According to the Zygist report published by Property Finder:

The number of sales transactions increased by 46% compared to 2021, as the number of property transactions reached 60,000 and their value increased by 61%.

Sales volume in 2022 exceeded the 2013 market peak by 38%

The report indicated that the sales growth was driven by the remarkable success of off-plan sales, which increased by 86% compared to 2021.

Card sales volume accounted for 44% of total transactions in 2022, meaning the number of transactions in the market increased by 40% compared to 2021, indicating a shift in both markets.

The total transaction value increased by 35% to reach AED 83 billion, after reaching approximately AED 44.6 billion in 2021.

The transaction value of residential apartments reached unprecedented levels, while the market value of villas and townhouses exceeded the transaction value in 2021, thus reaching the highest value on record.

The list of the most in-demand residential areas in 2022 included Palm Jumeirah, Downtown Dubai, Jumeirah Village Circle, Jumeirah Beach Residences and Jumeirah Lakes Towers.

The most in-demand areas for villas and houses were Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, Arabian Ranches 2, Damac Hills, Akoya, Mohammed Bin Rashid City and The Springs.

2022 has been a year full of achievements in Dubai as the Dubai real estate sector continued to consolidate its position as a major pillar of growth across all sectors and economic activities.

This is evidenced by the record increase in sales and rental transactions recorded by the emirate over the past year, which also coincided with an increase in the supply of real estate.

on the Bayut and Dubizzle platforms significantly over the same period. This demonstrates the growing demand for Dubai real estate in the overseas market, driven by many factors

Chief among them are the wise directives of the wise leadership and the economic stimulus packages provided by the Dubai government, in addition to hosting the global event Expo 2022 Dubai.

In addition to the flexibility and attractiveness of the sector, as well as the trust and transparency factors it guarantees to investors.