Dubai Real Estate Marketing Report Of May 2022

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Dubai Real Estate Marketing Report Of May 2022

• https//manal.ae/news/dubai-real-estate-marketing-
  report-of-may-2022

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• The Dubai property market's unrivaled success in
  2022 continues, as May sets a new all-time high
  for the month when compared to previous
  years.With nearly 7,000 transactions, the total
  sales value exceeded AED 18 billion, representing
  a 53 percent increase in sales volume majorly
  from the top 10 Real Estate Developers in
  Dubai. Surprisingly, ready villa sales were down
  by 35, but other types of property contributed
  to the strong result.

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Year to date performance 

• At this moment, the property sales value is
  approximately 100 percent larger than it was in
  2021, surpassing AED 93 billion. While the total
  number of transactions mainly from the properties
  constructed by property development
  companies grew by 65 percent to 34,742. This
  demonstrates that Dubai remains a secure haven
  and appealing destination for investors from all
  over the world.
• Furthermore, compared to 2021, approximately
  14,500 houses were launched in 2022 mostly
  by property development companies in Dubai, a 135
  percent rise.

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Price Variations

• For the month of May, the average property price
  offered by the top 10 Real Estate Developers in
  Dubai is the highest we've ever seen. Because
  property sales in May 2022 were primarily in
  Downtown and Business, whereas property sales in
  May 2021 were primarily in the affordable
  neighborhoods, the price of off-plan apartments
  has more than doubled.The only type of property
  for rent in Dubai that has seen a decrease in
  price is ready villas.

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Price Variations

• Avg Property Price AED 1.5M (109 percent higher
  than May 2021) 
• Avg Property Price is AED 1.5M (109 percent
  higher than May 2021)
• Villas off-plan Avg Property Price AED 1.7M (up
  13 from May 2021)
• Avg Property Price AED 1.07M (up 8.4 from May
  2021) Ready apartment
• AED 3.4 million is the average property price
  for a ready villa (-6.8 percent vs. May 2021)

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Breakdown Of Transactions

• Most of the transactions were due to apartment
  sales and other properties for rent in Dubai.
•       Over 4,700 residences were sold,
  representing a 61.6 percent increase over May
  2021 and nearly AED 10 billion. There were over
  1,300 villa transactions, a 24 percent increase
  from May 2021, totaling AED 4 billion.
•       Nearly 500 plots were sold, representing a
  90.4 percent increase over May 2021, and totaling
  over AED 4.3 billion.