The property market in 2022 broke records, crossing half a trillion dirhams for the first time, according to official data! Transactions worth a record AED 528 billion were recorded, a 76.5% jump from 2021.
The city continues to be one of the world’s most attractive investment destinations owing to its impressive economy, strong financial standing, and perpetual growth. This incredible success is a testament to how the leaders of the UAE have consistently worked towards prosperity, highlighting a stark difference between Dubai before and after.
Dubai has continually proven itself to be a city that can withstand global turmoil, and persist with year-on-year growth, as witnessed post the Covid-19 pandemic. These accomplishments made by the industry have encouraged local and global investors to have faith in Dubai’s real estate market.
According to official statistics, a total of 122,658 real estate transactions were recorded in Dubai in 2022, along with 80,216 investors registering a total of 115,183 new real estate investments that had a total worth of AED 264.15 billion.
These outstanding figures prove Dubai’s remarkable potential and have also earned the emirate the stature as the ‘city of the future’. So, if you’re thinking about buying a house in Dubai this year, get in touch with us today!
