Dubai's real estate market will continue to grow

According to EMEA's 2022 report, Dubai's real estate market has proven remarkably resilient during the pandemic, and more than 84% of real estate professionals expect competition in the Dubai real estate market to grow in the future.

More than two-thirds (68%) of respondents in Dubai indicated that they saw growth in 2021 and expect it to continue. At the same time, 77% expect the market to grow even more in 2023. This is the highest indicator among the countries of EMEA region. Such results show that Dubai's real estate market will continue to thrive in the near future.

In November 2021, a total of 6,989 transactions totaling 17.95 billion dirhams were made in Dubai, which was the largest monthly sales volume in the entire history of the market. As for transaction volumes, Dubai reported 57,043 transactions in 2021. This is 73.6% more than in 2020, and 51.6% higher than in 2019. Real estate experts believe that Expo 2020 has contributed to the growth of real estate market value.