- News
- Dubai real estate market: results of February
February results – real estate market records
According to the report of the Egyptian financial company, EFG Hermes (with reference to data from the REIDIN information service):
- In February 2022, 6,913 property sales transactions worth $4.2 billion were completed in Dubai.
The number of transactions is 34% higher than in February 2021. 4,514 transactions worth $3.1 billion – secondary and ready properties 2,399 transactions worth $1.1 billion – off-plan properties Compared to February 2021:
- The value of transactions in the secondary market increased by 107%
- The value of transactions in the primary market increased by 200%
Leading areas for off-plan sales:
- Business Bay
- Downtown Dubai
- Dubai Marina
- MBR
Of the total value of property sales transactions: 36% – villas 31% – apartments 29% – land plots Home sales of total residential transactions: 48% – affordable 31% – budget 21% – elite Source: The National News
More about real estate
Discover the insider knowledge of Dubai real estate from our agents: expert analysis and in-depth information on the city and its property market.
Listen to podcasts from our real estate agents and stay up to date on the Dubai property market: latest news, expert advice, and more.
all podcasts
Stay up to date on the latest trends and developments in the Dubai real estate market with our informative articles. With insights and advice from industry experts, our blog is a valuable resource for anyone interested in the Dubai property market.
All articles