Compare Listings

Dubai Real Estate Prices Will Continue to Increase in 2022

Dubai Real Estate Prices Will Continue to Increase in 2022

This year, the value of transactions in Dubai's real estate market will increase by more than 100 percent, as investors trust the emirate's consistent economic policy, successful strategy to combat the COVID-19 pandemic, visa reforms, and recent liberalization of the business licensing regime.

Expo-2020 had an effect on price growth as well. Industry experts predict that the trend will continue after the exhibition concludes.

According to real estate analysts and agents, the emirate has recorded real estate transactions worth AED 150 billion, up from AED 72.49 billion in 2020.

According to the most recent data from the Dubai Land Department, more than 57,500 purchase and sale transactions totaling AED 142.5 billion had already been registered in the emirate by mid-December. Last year, 35,434 transactions totaling AED 72.49 billion were recorded.

According to Rizwan Sajan, founder and chairman of the Danube Group, Dubai's real estate sector will have one of its best years in 2021. Sajan went on to say that the prospects for the real estate sector are bright because of the country's unique strengths. As more people move to the UAE, real estate will continue to attract investment, he said.

Transaction volumes are expected to rise significantly in the first half of 2022 before gradually leveling off in the second half.

Source: Emirates.Estate

Related posts

What Should Investors Look for in Dubai’s Real Estate Market in 2022?

The combination of increased supply in Dubai and increased short-term rentals will keep the market from collapsing.

Continue reading

Foreign demand will drive up property prices in Dubai next year

According to a Reuters poll of property analysts, Dubai house prices will rise at twice the rate predicted three months ago, driven by foreign investor demand and improving affordability.

Continue reading

The Best Real Estate Project in Dubai for Expats to Invest in

When it comes to real estate investments, no city in the Middle East, or even the rest of the world, compares to Dubai. In this article, we will look at some of the top real estate projects in Dubai for foreigners to invest in.

Continue reading