Who says December is all about holidays and lazing around? At least, it is not true for Dubai real estate, as this market is experiencing a strong end to the year, with escalating transactions. And if all predictions are to be believed, Dubai real estate sector prices are likely to double in the upcoming year, driven by the continuous increase in the demand for both luxury and affordable properties for sale in Dubai by local and foreign investors.
November remained a promising month for Dubai real estate
Though the entire 2022 was a record-breaking year for Dubai real estate yet several months exhibited outstanding performance. November also proved to be a promising month for Dubai real estate in terms of transactions. Dubai real estate touched the AED30 billion mark this November, with a total number of transactions crossed the 11,000 mark.
According to official data released by the Dubai Land Department (DLD) on its website, a total of 11,102 properties in Dubai were sold in November, worth AED30.83 billion. The numbers depict investors’ unshakeable confidence in Dubai real estate market and the UAE government’s commitment to bring and keep investors’ investment safe in the country.
Based on all these transactions recorded in the past 11 months of this year, it is clear that December 2022 cannot be a cooler month for Dubai real estate. According to property agents in Dubai, 2022 is the beginning of a new era for the Dubai realty market.
Dubai real estate – A resilient investment segment
November remained exciting with remarkable performance and left paving a stable foundation for Dubai real estate sector in December and the upcoming year. A positive momentum is recorded in this market over all previous quarters of 2022, showcasing the resilience of Dubai real estate sector. Following the UAE government’s initiatives and countless new reforms, positive sentiments are recorded in the market for investment opportunities.
Therefore, the experts believe that this growth is not short-term but this all has made properties in Dubai, a long term investment asset across different classes of investors. The prime properties for sale in Dubai fully enjoyed the limelight, as robust demand conduces the launch of new luxury projects in Dubai. The real estate developers also understand the trend and resultantly, they have launched multiple new luxury and ultra-luxury projects in the market. However, they are playing smart and bringing limited edition sort of real estate projects in the market, with complete control on timely completions.
Recently, Arada marked its territory in Dubai with first launch at JGE – Jumeirah Golf Estates. It is a luxury project launched in Dubai by Sharjah’s renowned master developer to capitalize on the highest ever demand for luxury properties.
December 2022 begins with record sales value and volume
When it comes to December, it is usually considered a slumber month for businesses and investments. Mostly because, people are in a holiday mood and do not intend to pay focus on serious matters regarding investment and business transactions. This December is also full of activities for Dubai and you can also take notes by looking at all the exciting upcoming events in Dubai in December 2022 besides planning investment in Dubai real estate sector.
However, a few savvy investors must be out there looking for some serious business. And seeing the record-breaking 2022, it is hard to believe that December 2022 will be unnoticeable for Dubai real estate sector without any significant activity.
And to confirm our beliefs, the official data released by the Dubai Land Department (DLD) is enough. The Dubai real estate transactions recorded between 1st December and 8th December are eye-opening. According to the data available on the website of the Dubai Land Department (DLD), the emirate recorded AED5.93 billion worth of property deals. A total of 2,246 properties in Dubai are sold during this period, indicating a steady and continuous interest from both local and international property investors.
No bubble risk is reported for the Dubai property market and this data indicates the same. Dubai real estate is hot and one of the most favourite options across the globe to invest in. Upon fractional analysis, it is revealed that 1,670 and 118 residential apartments and villas were sold, respectively along with 458 plots during this week. Akoya Oxygen by DAMAC, Al Barari, Al Barsha and Al Furjan remained the top four most picked areas with the highest numbers of properties sold.
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Dubai is one of the most favourite real estate investment markets around the globe, for affordable, luxury and ultra-luxury properties. If you are also interested to be a part of this market, please feel free to get in touch with the sales experts of HFRE. Call us now at +971 4876 2473 or write us at info@hfre.ae, and express your interest in detail.
Our experts will not just help you secure the best properties for sale in Dubai but also equip you with the latest market knowledge to help you make a well-informed investment decision.