The Dubai real estate market trend in 2022

As compared to the previous years, May has seen a high-record of the Dubai property market. The sales value got high up to 18B with nearly 7000 transactions. It saw a commendable sales volume increase of 53%. Most of the properties turned out to receive heavy demand and huge sales in the past years. However, the demand on ready villa seemed to take a major backdrop with a drop of -35%. The top real estate companies in Dubai offer its users with genuine data and best possible guidance on investment.

For Dubai property prices, the property values in nearly 100% higher than that of 2021 exceeding AED 93B. The sales volume increased by 65% to 34,742 transactions. This shows that Dubai always has an upper hand when it comes to the real estate business. In 2022, there has been the launch of over 14,500 properties making an increase by 135% compared to 2021. May has seen the highest record in terms of property investments.

Dubai property prices statistics

The price of off-plan apartments has more than doubled its previous value because the property sales in May 2022 were in Downtown and Business mostly, unlike 20221 where they were mostly seen in the affordable areas. As already mentioned, ready villas are the only property where the price failed to maintain up, thus witnessing a price decline. Let us show you a simple data as to how the Dubai property prices of villa suffered a setback than apartments in Dubai:

Off plan apartment: Average price AED 1.5M (109% vs May 2021)

Off plan villa: Average price AED 1.7M (13% vs May 2021)

Ready apartment: Average price 1.07M (8.4% vs May 2021)

Ready villa: Average price 3.4M (6.8% vs may 2021)

Dubai being the most attractive real estate destination

Dubai continues to be the heavenly destination and the most attractive spot for investors around the world. Dubai not only gives a pleasant view but also is the sector of opportunities. People also prefer buying holiday homes in Dubai to spend some time away from their busy life in the lap of beauty.

Dubai property prices have always been a concern. Due to its elite standards since time immemorial, no doubt that the properties come at a much higher rate than anywhere else. However, with the genuine service providers and through the help of top real estate companies in Dubai, you can always find the best suited property as per your budget. The genuine rates will be worth the investment.

Top exclusive areas

Let us provide you with the list of some off-plan and readymade projects on apartments, villas and commercial areas.

Apartments

Off-plan : Business Bay – 474 transactions

Ready-made: 238 transactions

Villas

Off-Plan –DAMAC Lagoon- 325 transactions

Ready-made – Akoya Oxygen - 103 transactions

Commercial

Off-Plan- Jumeirah Lake Towers- 11 transactions

Ready-made- Jumeirah Lake Towers- 91 transactions