Dubai real estate market is experiencing a steady rise to the top, with 2022 alone recording a staggering 122,658 transactions worth AED 528 billion, according to the real estate transaction calculator on the official Dubai Land Department (DLD) website.
In comparison to 2021, Dubai has seen an increased 44.7% growth in the number of transactions, with a 76.5% increase in terms of value. The promising numbers indicate the strong and steady real estate market in Dubai, serving as a key driver for the further growth of various sectors and economic activities within the UAE.
Ready & Off-Plan Sales
97,479 Total Transactions
AED 265.58 Billion Total Worth
- 70,887 Units/s
- 9,740 Buildings/s
- 16,852 Land/s
The most recorded transactions for ready and off-plan first sales and resales in 2022 was both in Business Bay with 4,894 resale transactions worth AED 7.2 billion and 3,125 sales transactions worth AED 5.6 billion. The resale activity was trailed by Burj Khalifa with 3,974 transactions worth AED 11.7 billion (which also happened to be the highest value in transactions in 2022), followed by Jumeirah Village Circle with 3,404 transactions worth AED 2.27 billion.
The first sales activity also highlighted Jumeirah Village Circle in second place, with 2,012 transactions worth AED 1.4 billion, followed by Sobha Hartland with 1,547 transactions worth AED 2.47 billion in third place.
Mortgage Property Sales
19,869 Total Transactions
AED 134.77 Billion Total Worth
- 15,101 Units/s
- 3,112 Buildings/s
- 7,808 Land/s
The most recorded transactions for mortgaged property sales in 2022 was reportedly in Business Bay with 1,332 transactions worth AED 7.4 billion in first place, trailed by Dubai Marina with 1,021 transactions worth AED 1.3 billion in second place, and followed by Jumeirah Village Circle with 834 transactions worth AED 515 million in third place.
Gifted Property
4,703 Total Transactions
AED 29.99 Billion Total Worth
- 3,397 Units/s
- 220 Buildings/s
- 1,086 Land/s
The most recorded transactions for gifted residential property sales in 2022 was in Dubai Marina with 612 transactions worth AED 870 million in first place, trailed by Burj Khalifa with 192 transactions worth AED 477 million in second place, and lastly followed by Business Bay in gifted office sales with 187 transactions worth AED 311 million in third place.
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