In terms of volume and value of real estate sales, May 2022 in Dubai saw a total of 6,651 transactions worth AED 18.3 billion (USD 4.98 billion), making it the best May in 13 years.
Real Estate
In May 2022, Dubai's property sector recorded a total of 6,651 transactions worth AED 18.3 billion (USD 4.98 billion), making it the best May in 13 years in terms of real estate sales volume and value.
The Bulgari Resort and Residences transaction shows that the luxury segment of Dubai's real estate market is outperforming all others, with prices continuing to rise.
The partnership between Nakheel and Hayvn solidifies Dubai's position as a global cryptocurrency hub, following the Dubai government's decision to provide virtual asset licenses under its new VARA authority.
The move will change the future of real estate and make it easier for investors all over the world.
According to Zoom Property Insights, the market is seeing a surge in Russian and Ukrainian buyers.
There is still enough demand for $10 million homes in Dubai from the world's wealthy.
DUBAI, United Arab Emirates — Emirati property magnate Hussain Sajwani is on a high following a record start to the year for Dubai's property market.
Samana Waves in Jumeirah Village Circle will have over 200 apartments when it is completed in 2025.
The Emirate of Dubai has topped a new global real estate index for those seeking a secondary residence or citizenship, despite the fact that Portugal, Turkey, and Greece are the preferred destinations for Indians seeking residency or citizenship.