UAE real estate market is booming with home loan rates set to rise

UAE real estate market is booming with home loan rates set to rise

UAE property market growth still soars in 2022.

During 2021, Dubai recorded over 52,000 apartment and villa real estate transactions, totalling Dh114.2 billion, which was more than the total for 2019 and 2020 combined. Meanwhile, about 15,000 property transactions tallying to a total value of Dh71.5 billion dirhams were recorded in Abu Dhabi last year.

Nearly 80 per cent of property professionals surveyed over the past 12 months are confident that the UAE’s real estate market will grow faster over the coming year, as per a 2022 real estate report published by global real estate brokerage Berkshire Hathaway HomeServices.

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