2022.. an exceptional year

Walid Al Zarooni

01 September 2022

The year 2022 is exceptional with everything in it, for the benefit of the real estate sector activity in the Emirate of Dubai, amid strong demand and great demand from the world's wealthy.

This is evidenced by the large deals executed in the luxury villas and apartments sector, which enhances the market position and increases the required diversity in the investor category.

Indeed, the market was able to record new record sales during the first eight months of 2022, with a value of nearly 160 billion dirhams, through more than 60,000 transactions, to be the largest sales value ever during that period, based on the latest data issued by the Land Department. in Dubai.

After breaking these numbers, the real estate market in Dubai has demonstrated its ability to set records period after period, month after month, setting a new level in terms of sales, meaning that it has not reached its peak yet, and there is still room for growth.

The real estate index in the emirate has begun to take an upward trajectory, to reflect the state of momentum and exceptional performance that began since late last year, thanks to a number of positive factors, in light of expectations that real estate indicators will continue, during the remaining four months of this year, to record steady growth in sales Real estate to exceed 230 billion dirhams by the end of 2022.

I always assure, that the sector is experiencing a state of renewed momentum and recovery, supported by the unlimited facilities in the residency laws, which has contributed to enhancing Dubai's position, as an ideal destination for living, working and investing, at the same time.

It is undeniable that foreign investors are the main focus of this great momentum, in light of their constant planning to obtain good returns provided, of course, by Dubai real estate.

Currently, the Emirate of Dubai is at the forefront in the field of real estate at the global level, which contributes to strengthening Dubai's position at the forefront of global destinations, as it is attracting foreign investors and capital, after it was focused on local investors, to witness a significant increase in the sale of luxury and distinctive properties, in conjunction With the increase in the investments of high net worth individuals, the income is high.

Thanks to the presence of the advanced infrastructure, along with the distinguished lifestyle, which includes the best hotels and restaurants in the world, and the exceptional amenities it provides, which made it the best destination for work, life and investment.

Despite the record sales, I assure that the opportunity was not lost, the time did not pass, and there are still attractive opportunities in the market, with the expected economic recovery in the coming years.

Large deals in the luxury villas and apartments sector, enhance the market position, and increase the required diversity in the investor category.

@KeepSurvivor

walid.alzarooni@gmail.com

Chairman of the Board of Directors of “W Capital Real Estate Brokerage Company”

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