Dubai real estate remains attractive, as evidenced by a record number of transactions in Q1 2022

Dubai real estate has retained its appeal. Investors and locals continue to invest in buying villas and apartments in the emirate.

In the first quarter of 2022, 25 972 transactions were registered in the emirate, which was a record number of transactions since 2010 in one quarter and the highest similar figure since the first quarter of 2014. During the quarter from January to March, 20 539 purchase and sale transactions worth 55.51 billion dirhams were registered, according to the Dubai Land Department (DLD).

In the off-plan real estate market, transactions were concluded with 8 616 real estate units totaling 16.12 billion dirhams, while in the secondary market during the quarter, transactions were concluded with 11 923 real estate objects worth 39.39 billion dirhams.