Dubai Real Estate Marketing Report Of May 2022
                     Dubai Real Estate 
Marketing Report Of 
May 2022
https://manal.ae/news/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.
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.
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.
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.
Price Variations
 Avg Property Price AED 1.5M (109 percent higher than May 2021) 
 Avg Property 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)
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.