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: 16 kmCompletion year: II quarter, 2026, off-plan 38MR+W4 - Dubai - UAE
Al Safa (formerly Noor Bank)
13800m
Business Bay
14300m
Burj Khalifa/Dubai Mall
14800m
Sobha Reserve is a new residential development being built in Dubailand. This huge area includes many theme parks such as Legoland and Global Village, as well as shops, restaurants, and cafes. Nearby... Details
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