As anticipated, Dubai’s real estate market in 2022 achieved the highest annual performance in more than a decade with absolutely astonishing results for off-plan properties.

Let’s look at these record-breaking numbers.

  1. Total Property Sale Transactions

ALL (off-plan and ready): 97,252
Increased by 51.6% vs. 2021

Off-Plan: 52,039
Increased by 99.7% vs. 2021(!!!)

Off-Plan Apartments: 37,137
Increased by 94.2% vs. 2021 (!!!)

  1. Total Sales Value

ALL (off-plan and ready): AED 264.9B
Increased by 76.1% vs. 2021

Off-Plan: AED 124.9B
Increased by 144.8% vs. 2021 (!!!)

Off-Plan Apartments: AED 80.8B
Increased by 94.2% vs. 2021 (!!!)

  1. Top 5 Performing Areas in Off-Plan Apartments
  2. Business Bay
  3. MBR City
  4. Dubai Marina
  5. JVC
  6. Downtown Dubai
  7. Off-Plan vs. Ready Properties 2022

Sales Volume
Off-plan — 55%
Ready — 45%

Sales Value
Off-plan — 62%
Ready — 38%

  1. Dubai Off-Plan Apartment Average Prices

Price per sqft — AED 2K
Increased by 17% vs. 2021

Property price — AED 1.4M
Increased by 27.5% vs. 2021

  1. Dubai Apartments Average Rent Price

JVC — AED 45,000
Increased by 12,5% vs 2021

In Conclusion

Dubai’s real estate market will continue to flourish among many stagnating markets due to these particular reasons.

  1. Center of attraction

Dubai is a well-known international hub and a center of attraction for many countries in the Middle East, CIS, Eastern Europe, and Africa. That’s why investors and tourists from all over the world come here looking for properties as well as for business and entertainment.

  1. Good transaction terms

Transactions are mainly carried out on interest-free payment-plan from developers, and the Central Bank rates increase does not have a direct
impact.

  1. Extensive population growth

Dubai due to its Dubai 2040 Urban Master Plan aims for extensive growth over the next 20 years. Experts expect the population to be doubled by 2040.

  1. Top tourist destination

Dubai proudly holds a place in the Top 3 tourist destinations in the world for years. This fact naturally stimulates the inflow of capital, new developers, and new investors to the city.

  1. The Emirates policy

The Emirates is well-known for its oil money aimed at integrated development now. Real estate is not the only economic growth sector; the service sector, production, and logistics are also actively developing.

If you’re not still an investor, you may consider becoming one!

All data is provided by dxbinteract.