Dubai Property Sales in Q2 2022: Market Overview
The Dubai real estate market saw a total increase in sales of 25% in the second quarter of 2022 and also an increase has been seen from the first quarter of 2022 as well.
Some Extractions:
Monthly property sales value 2021 vs. 2022 (according to DLD)
| MONTH | 2021 | 2022 | TOTAL INCREASE |
| JANUARY | 6.6B | 16.7B | 152.5% |
| FEBRUARY | 7.4B | 16.4B | 123.2% |
| MARCH | 10.7B | 22.6B | 111.7% |
| APRIL | 11B | 18.2B | 65.1% |
| MAY | 11B | 18.4B | 67.3% |
| JUNE | 14.7B | 22.8B | 55.2% |
| JULY | 8.9B | 16.9B | 89.3% |
This data clearly shows the increasing interest of customers in the Dubai real estate market and the overall impact on the market. How well it is performing! The market is performing dynamically with the shift of prices in rentals and sales. Some areas witnessed growth while some were low.
- Rentals at Dubai Marina and Downtown Dubai have seen a drop
- Jumeirah Golf Estates witnessed a drop in sales prices
- The Springs and Dubai Hills Estate saw a hike in sales prices
“The decrease could be due to affordability or investors taking advantage of the high ROI achievable in the area without having to buy the larger, more expensive units in prime towers, however, they are top communities when it comes to sales transactions,” explained Allsopp.
