Dubai Real Estate Market Overview - H1 2022


Property sales in Dubai are rising at the fastest pace ever. H1 2022 witnessed an increase in property sales by 60% to over 43,000 properties worth AED 115B, up by 87% compared to H1 2021.  Business Bay spearheaded the apartment sales while DAMAC Lagoons dominated the villa sales. Despite summer and high-interest rates, June is the best month in 2022 with 9,000 transactions, and Q2 hits an all-time high quarterly sales in the history of the Dubai real estate market with 25,000 transactions marking an increase of 10% QoQ and 45% vs. last year.

*Property sales volume, H1 over years


*Property sales value, H1 over years

The majority of the Off-plan apartment sales took place in

Along with the new rising area of Al Wasl that witnessed over 720 sales mainly in Safa One/Two, Canal Front, and Central Park.

While the ready apartment sales are concentrated in

The main areas for ready villa sales are:

Remarkably, over 115 villa sales took place in the Sustainable City which has a very limited supply of 500 villas only.

The hottest areas for off-plan villas are


The apartments resale a.k.a secondary market happened mainly in

Emaar Beachfront, Burj Royale, Jumeirah Gate Towers, MBL Residence, Bloom Towers, The Pad, Bloom Heights, SLS Dubai, Five At Palm Jumeirah Dubai, Stella Maris, The Address Downtown, Prive By Damac, Damac Towers.

While the following projects witnessed the majority of the villa resale:

Emirates Living, The Sustainable City, Elan in Tilal Al Ghaf, Arabian Ranches one, Palm Jumeirah, Villanova, Nad Al Shiba Third, Grand Views, Maple, Sama Townhouses, Arabian Ranches ll, The Lakes, Serena.

Prices Change

The prices for Dubai properties continue to increase, showing a strong will in the region.

Dubai Property Price Change Per Sq.ft. (YoY)

Prices Change per sq. ft in the Hot Areas

Property Sales Proportions:

In total, the sales were distributed between 28,420 apartments, 10,800 villas 2,340 plots, and 1,450 commercial.

Off-plan vs. Ready Sales.

The majority of the sales were off-plan which surged by 113% vs. H1 2021 while the ready sales climbed by 25%. However, the ready villa sales declined by 20% 

Ready vs. off-plan sales proportion ( excluding plot transactions).

Offplan vs. ready property sales over years for H1.


Property Supply

The new property launches increased by 130% to 18,000 units comprising 67 projects registered in H1 2022  — in addition to 17 projects with unannounced units count. Also, over 20,000 properties were completed composing 52 projects which is a 30% increase compared to H1 2021. 


The rental in the freehold areas increased by 13% from 164,000 contracts in H1 2021 to over 185,000 contracts in H1 2022.


The mortgage transactions slumped by 37% in value to AED 43.4B and 15% in volume to 11,280; however, that does not seem to impact the property market at all.

With the upcoming World Cup 2022 in Qatar, the announcement of many Russian companies to shift from Europe to Dubai, and the increasing population of Dubai, the property market in Dubai has become extremely promising.

** Figures are round for simplicity while maintaining the meaning and context.

** Many villa transactions were recorded as plots; so, we tried our best to convert them to villas.

  •  Amanuel Tesfay   

    (0) (0)
    I have a plan to sell my property at SPORT CITY HUBCna 1 app no. 1407. Can you give me the selling price?

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