May results – real estate market records

May results – real estate market records

According to the report of the Dubai Land Department: In May 2022, 6,635 property sales transactions worth $4.9 billion were completed in Dubai. This is the highest figures for the month of May since 2009. 3,883 transactions worth $3.2 billion – secondary and ready properties 2,752 transactions worth $1.7 billion – off-plan properties Compared to May 2021:

• The value of transactions in the secondary market increased by 42%
• The value of transactions in the primary increased by 147%

TOP areas for sales: Apartments

• 1 Burj Khalifa
• 2 Business Bay
• 3 Dubai Creek Harbour
• 4 Dubai Marina

Villas & Townhouses

• 1 Madinat Al Mataar
• 2 Wadi Al Safa 5
• 3 Wadi Al Safa 7
• 4 Emirates Living

Of the total value of property sales transactions: 9% – Villas 73% – Apartments 18% – Land plots Source: Arabian Business