What a year 2022 was for the Dubai real estate market. A new record was set for the volume and value of residential transactions, new heights were reached for luxury homes, and Dubai confirmed its status as the number one destination for global citizens seeking safety, opportunity, and an unrivaled lifestyle.
After the initial surge we witnessed in 2021, the market started to show signs of stabilisation in 2022. As we enter 2023, we can be confident that the outlook looks healthy. The volume of transactions for ready units was consistent over the last three quarters, and the pace of price increases has slowed to sustainable single digits. The Dubai Land Department (DLD) ushered in an era of greater transparency with the Open Data initiative, and the high prevalence of end users and resident buyers gives confidence about the long-term stability of the market.
In this report:
- Sales Transactions
- Off Plan vs Secondary Market
- Prices
- Demand and Supply
- Luxury Market
- Residential Leasing
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