With a value of 265.6 billion dirhams distributed over 97.48 thousand transactions
Dubai real estate records the highest annual sales in its history in 2022
Walid Al Zarouni: "2022 is considered the best performing year in the history of the real estate market in Dubai."
Monitoring prepared by the Dubai-based real estate brokerage firm W Capital showed that total real estate sales in Dubai during 2022 amounted to 265.6 billion dirhams, which is the highest annual value ever in the history of the real estate market in the emirate, distributed over more than 97.48 million dirhams. A bargain.
Real estate sales grew by about 78.3% on an annual basis in terms of value, compared to about 149 billion dirhams, and 62% in terms of the number of deals, compared to 60.2 thousand deals in the previous year 2021, according to the monitoring that comes based on the data of the Dubai Land Department. .
The month of December witnessed the highest monthly value of real estate sales deals in history, with a value that exceeded 26 billion dirhams, which is the second highest monthly sales ever, after the sector recorded sales of about 30.8 billion dirhams last November as the highest value for one month in the history of the real estate market in Dubai.
Commenting on this, Walid Al Zarouni, Chairman of the Board of Directors of the “W Capital” real estate brokerage company, said, “2022 is considered the best-performing year in the history of the real estate market in Dubai, as it witnessed breaking records period after period, month after month, recording a new annual level.” It has not been witnessed before, whether in terms of values or sizes, thus contributing to enabling the sector’s journey to continue launching to higher levels.”
Al Zarouni pointed out that «the real estate sector in Dubai, in general, shows signs of positive and sustainable growth, as it succeeded in proving its flexibility, attractiveness, and ability to deepen investor confidence, at a time when it witnessed exceptional circumstances with the world,» adding that real estate sales are now no less. About one billion dirhams per day, in a strong indication of the continuation of the state of exceptional momentum and performance that began in late 2021, and this is also strong evidence of the growing investment attractiveness that the sector enjoys.
He pointed out that the Dubai real estate market was able to attract large numbers of investors from all over the world, who found in the emirate and its real estate market the best infrastructure and the most stimulating environment for investment and guaranteeing the rights of investors, in addition to many elements that help them achieve their various aspirations in the best possible way. In the best place to live, work and invest alike.
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