"Wadi Al-Safa 3" is in the lead in terms of value, with 47.1 billion dirhams
"Business Bay" is the most attractive area of Dubai for real estate transactions, with 11,000 transactions during 2022
Many areas of the emirate witnessed remarkable competition in terms of attracting real estate transactions.
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Statistics issued by the Dubai Land Department showed that many areas of the emirate witnessed remarkable competition in terms of attracting real estate transactions throughout the year 2022, which keeps pace with the strong economic growth of the emirate, and reflects the great vitality enjoyed by its various parts as an attractive environment for real estate investment, supported by services. The various real estate properties offered by the department throughout the emirate.
The Business Bay area topped the top 10 areas in terms of the number of real estate transactions with 10,853 thousand transactions, followed by the other nine areas in terms of number: Dubai Marina (10074), Al Barsha South Fourth (7338), Burj Khalifa (6955), Al Merkadh (6133), Al Habiya Fifth (5868), Jebel Ali First (5242), Hadayek Mohammed bin Rashid (4777), Al Thanyah Fifth (4590), and Palm Jumeirah (4183).
In terms of the list of the top 10 areas in terms of the value of real estate transactions, the leadership was given to the “Wadi Al Safa 3” area, with transactions exceeding 47.1 billion dirhams, while the other nine centers were, respectively, for: Palm Jumeirah (40.48 billion dirhams), Nad Al Sheba Al Oula (32.83 billion dirhams). One billion dirhams), Dubai Marina (32.71 billion dirhams), Jebel Ali First Industrial (28.84 billion dirhams), Business Bay (27.83 billion dirhams), El Merkad (23.08 billion dirhams), Burj Khalifa (21.69 billion dirhams), Hadayek Mohammed bin Rashid (17.8 billion dirhams), and the first commercial center (15.39 billion dirhams).
The total real estate transactions in Dubai during the year 2022 reached 122,658 real estate transactions, with a total value of 528 billion dirhams.
The Dubai Land Department affirmed its commitment to work to enhance the real estate attractiveness of the various regions of the Emirate of Dubai, by empowering the real estate community with the best related services, in integration with other elements of excellence that attract investment in this vital sector, represented in the advanced legislative and regulatory frameworks, integrated data, effective partnerships and infrastructure. Pioneering digital infrastructure, which combines with each other to confirm the strength of the overall performance of the sector, in line with the objectives of the Dubai Economic Agenda (D33) aimed at doubling the size of Dubai's economy over the next 10 years.
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