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According to the most recent data, Dubai real estate has maintained high growth rates, and the value of real estate transactions reached a nine-year high in September due to growing demand in the primary and secondary markets.
The volume of real estate transactions increased by 13.34% to 8,649 in September 2022, while the value of transactions increased by 23.04% to 24.42 billion dirhams, which is the highest since the market peaked in 2013. This demonstrates renewed investor confidence in Dubai's burgeoning real estate market, which shows no signs of slowing down despite some regulatory measures announced by the government.
According to the latest data from Property Finder, 4,210 transactions were made on secondary or finished real estate, which is significantly more than in the same period last year by 30.46% in volume, while the volume of transactions with existing real estate increased by 32.39% in value, reaching 14.66 billion dirhams compared to 11.07 billion dirhams in September 2021.
In addition, in September 2022, transactions with 4,439 real estate objects worth about 9,755 billion dirhams were concluded on the OTC market, which represents an increase of 80.23% in volume and 94.13% in value.
