Dubai’s Real Estate Market Reaches Record-Breaking $65 Billion in 2022

Dubai’s Real Estate Market Reaches Record-Breaking $65 Billion in 2022

Wow, it looks like Dubai’s real estate market is on fire! According to research by Property Finder, the market reached an incredible $65 billion from more than 88,000 transactions this year. That’s a significant 46% increase from 2021 and an impressive 38% more than the market peak in 2013. And if that wasn’t enough, the market is worth even more by the end of the year, with a staggering 61% increase from 2021.

One major factor contributing to this real estate boom is the rise of off-plan deals, which jumped a massive 86% from 2021 to now. These deals make up a significant portion of all transactions, with 44% of them being off-plan in 2022, up from 40% in 2021. It’s clear that the real estate market in Dubai is experiencing some major changes and growth, and we can’t wait to see what the future holds.

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