The top areas of interest for villas and townhouses in April 2022 were Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, Damac Hills (Akoya by DAMAC), and The Springs, according to a Property Finder report.
Following the conclusion of Expo 2020, Dubai witnessed 6,983 real estate sales transactions worth $4.9bn (AED 18.2bn) in April 2022, recording the highest ever for the month since 2009.
Secondary market sales transactions, comprising 60 per cent of the total, constituted 4,212 transactions worth AED 12.86bn, while off-plan properties, comprising the remaining 40 per cent, constituted 2,771 properties worth a total of AED 5.33bn.
Commenting on the market, the UAE Country Manager at Property Finder, Scott Bond, said: “All eyes were on the real estate performance post Expo 2020, and with April 2022 performing the highest since 2009, the data is a strong testament to the growing appeal for the Dubai Real Estate Market. We also see a positive sentiment for investment opportunities following various governmental initiatives, including the recent new categories added to the Golden Visa rules, making Dubai’s properties one of the most preferred investment assets for the long term.”
