Residential real estate prices in Dubai and rents will continue to rise in 2022

Real estate prices and rents in the Dubai residential real estate market will continue to rise in 2022, in line with the trend of 2021, against the background of «strong economy of the emirate». In 2022, there should be a moderate increase in prices and incomes, as well as high sales, which will encourage developers to launch new projects.

The value of real estate transactions in Dubai more than doubled last year and broke a 12-year record in terms of volumes. In 2021, 61,241 purchase and sale transactions worth 151.07 billion dirhams ($41 billion) were registered in the emirate, which makes this year the best in terms of transaction volume since 2013 and the highest in value since 2009.

Real estate is relatively affordable, its prices are 25-30% lower than in 2014, despite a significant increase in 2021. The value of real estate transactions in Dubai more than doubled last year and broke a 12-year record in terms of volumes. The continued growth in transaction volumes, high demand for off-plan real estate and the launch of new projects will continue to support the residential real estate market in 2022.