Dubai’s real estate market witnessed 6,651 real estate transactions worth $4.98 billion (AED 18.3 billion) in May 2022, marking the highest figures for the month of May in 13 years in terms of real estate sales volume and value.
The transaction figures reported in May 2022 also marks a 51.5 percent increase year-on-year for sales volume and a 65.4 percent increase for sales value compared to May 2021.
The director of Data and Digital Transformation at Allsopp & Allsopp, Lynnette Sacchetto, said: “The Dubai real estate market continues to consistently show steady growth month-on-month when compared to last year. Also, just like last month, we saw a repeat in trend with May being the second-highest on record for sales volume and value, with May 2009 being the highest.
Distance to the sea: 11.3 kmCompletion year: IV quarter, 2026, off-plan Downtown Dubai (Downtown Burj Dubai), Dubai - UAE
Burj Khalifa/Dubai Mall
1600m
Business Bay
1920m
Financial Centre
2430m
Baccarat Hotel & Residences in Dubai
In early 2023, construction commenced on a new high-end property in Dubai, the Baccarat Hotel & Residences in Downtown Dubai. The complex comprises two... Details
Distance to the sea: 6.5 kmCompletion year: I quarter, 2024, off-plan Binghatti Emerald - JVC - Dubai - UAE
Dubai Internet City
5300m
Al Khail (formerly Nakheel)
5300m
SOBHA Realty (formerly Dubai Marina and DAMAC Properties)
5800m
The project consists of a tower of 20 floors with apartments of different layouts with 1-3 bedrooms, as well as office areas.
Located in the well-developed Jumeirah Village Circle community with good... Details
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