Dubai Real Estate Market Report 01/10/22

In August 2022, Dubai’s real estate market registered 9,720 sales transactions, with a significant increase of 69.57 percent compared to august 2021, which recorded the highest performance for a month ever recorded in the last 10 years.

The off-plan sales transactions reached the highest transactions volume as well ever reached in a month which increased by 72.10 percent in terms of volume compared to August 2021, and around 76.50 percent in terms of value.

Below is the official sales price index for August 2022 according to Property Finder.

THE OFFICIAL SALES PRICE INDEX

Key Findings For August 2022 

• August 2022 had 9,720 sales transactions worth AED 24.34 billion.
• August 2022 witnessed the highest number of sales transactions for a month in the past decade.
• August sales transactions volume increased by 69.57 percent and value increased by 63.58 percent, year-on year.
• In terms of volume, around 54.81 percent of sales transactions were in the secondary/ready market and 45.19 percent were in the off-plan market. 

August 2022 Mo’asher Results 

• Overall monthly Index recorded 1.348 and an index price of AED 1,311,362.
• Apartments monthly Index recorded 1.428 and an index price of AED 1,229,308.
• Villas/Townhouses monthly Index recorded 1.343 and an index price of AED 2,158,214.

Top Areas by demand

According to Property Finder’s proprietary data, the top areas searched for sales in August were Dubai Marina, Downtown Dubai, Business Bay, Palm Jumeirah, Jumeirah Village Circle, and Jumeirah Lake Towers. The top overall searched areas for villa/townhouse sales in August were Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, DAMAC Hills (Akoya by DAMAC), Mohamed bin Rashid City and Dubai Land.