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Dubai Real Estate Marketing Report Of May 2022

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.<br><br>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.<br><br>For more info visit here https://manal.ae/news/dubai-real-estate-marketing-report-of-may-2022<br>

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Dubai Real Estate Marketing Report Of May 2022

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  1. Dubai Real Estate Marketing Report Of May 2022 https://manal.ae/news/dubai-real-estate-marketing-report-of-may-2022

  2. 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.

  3. 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.

  4. 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.

  5. Price Variations • AvgProperty Price AED 1.5M (109 percent higher than May 2021)  • AvgProperty 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)

  6. 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.

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