Dhs130bln Dubai property sales in 7 months


  • A new record number of real estate sales in July
  • Walid Al Zarooni: Dubai’s real estate sector has broken sales and transaction records

Dubai, United Arab Emirates: The “W Capital Real Estate Brokerage” report assessed the strong momentum and exceptional performance of the real estate market in the Emirate of Dubai, during the first seven months of 2022, exceeding 130 billion Dhs, with 48,000 transactions, making it the highest sale value ever recorded during this period, according to the latest data published by the DLD.

The value of real estate units sold in Dubai for the period from January 1 to July 31 of each year exceeds 100 billion Dhs for the second time. The first time was in July 2009 when real estate sales recorded a value of about 103 billion Dhs.

The month of July 2022 also recorded the highest total value of real estate transactions in the emirate of Dubai, with a value of more than 16 billion dirhams, the result of approximately 5,359 transactions, the highest value ever. recorded for the month of July, followed by monthly sales of 15.4 billion Dhs in 2009.

The value of monthly sales in July 2022 recorded an increase of around 44% on an annual basis compared to July 2021, which exceeded 11 billion Dhs, resulting from 4,414 real estate transactions.

Walid Al Zarooni, Chairman of W Capital, said the real estate sector in Dubai continues to break records in terms of sales and transactions time after time, which is a strong indication of the continued momentum and outstanding performance that has started since the end of last year, and a strong proof that the Dubai property market is attracting more investment.

Al Zarooni said the real estate market has recorded unprecedented performance since the start of this year, amid record demand growth driven by a number of positive factors. The expert expects the positive indicators to continue in order to achieve steady growth in property sales to exceed 230 billion Dhs by the end of the year.

Walid Al Zarooni pointed out that this strong performance of the real estate market in recent months is due to foreign investors in light of the growing demand, high real estate prices and high return on investment of a high percentage which has encouraged the influx of foreigners. individuals to buy thanks to the stimulating measures, unlimited support and quality initiatives launched recently by the Government of Dubai. These included expatriate support policies, new residency rules, and residency for entrepreneurs and investors, which helped cement Dubai’s position at the forefront of global destinations as the best place to live. , work and invest.

Al Zarooni pointed out that Expo Dubai 2020, an event which ends at the end of March, has had the greatest impact in promoting good investment and residence in Dubai and increased the demand for buying real estate units.

He revealed that the real estate market in Dubai has seen a drastic change especially in the last few years which have seen a remarkable shift in investments as they have attracted foreign investors and capital after focusing on local investors. There has been a significant increase in the sale of luxury and distinctive properties in conjunction with increased investment of owners’ wealth, high incomes, thanks to the presence of state-of-the-art infrastructure as well as a lifestyle distinguished which includes the best hotels and restaurants in the world and the exceptional amenities that Dubai offers, which have made it the best destination to work, live and invest.

First 7 months sales of properties in Dubai (2000-2022)

the year

Transaction value – billion dirhams

Number of transactions – transactions

2022

130.4

48311

2021

72

31261

2020

35.8

17363

2019

44.41

20701

2018

46

20103

2017

70.71

28895

2016

59.5

24094

2015

74.3

27606

2014

82.5

33136

2013

73.81

32729

2012

39.8

20275

2011

38.7

19463

2010

57.63

33817

2009

103

60337

2008

70.66

12404

2007

9:41 p.m.

3661

2006

10:55

1406

2005

10.77

1861

2004

7.14

1781

2003

3.89

1199

2002

3.06

1343

2001

2.05

870

2000

0.988

606

Source: DLD data

Real estate sales in Dubai in July (2000-2022)

the year

Transaction value – billion dirhams

Number of transactions – transactions

2022

16.31

5406

2021

11:25 a.m.

4414

2020

4.56

2359

2019

7.27

3670

2018

6.29

2748

2017

7.77

4000

2016

11:15 a.m.

3924

2015

9.78

3817

2014

10.02

3344

2013

13.12

5037

2012

5.38

3086

2011

5.1

2925

2010

4.79

3244

2009

3:37 p.m.

9581

2008

12.31

2599

2007

833

880

2006

1.07

161

2005

0.823

169

2004

1.16

236

2003

0.710

194

2002

0.334

137

2001

0.393

139

2000

0.157

84

Source: DLD data

-Ends-

About “W Capital”:

“W Capital Real Estate Brokerage” was established in 2007 in the United Arab Emirates, specializing in real estate development, purchase, sale, rental as well as advisory services for real estate companies.

Since its inception, the company has sold over AED 200 million worth of properties to major developers.

About Walid Al Zarooni:

Walid Al Zarooni is the founder and chairman of W Capital Real Estate Brokerage. Certified real estate expert from the Dubai Real Estate Regulatory Agency “RERA”, he is the author of “Secrets of the Smart Real Estate Investor”.

Al Zarooni is one of the first experts to harness social media to raise awareness about real estate. He provides almost free advice on a daily basis, as well as the latest news and updated information through videos and posts on social media platforms such as “Instagram”, “Snapchat” and “Twitter”, on which he is very active.

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