The first quarter of 2022 marks the highest record of transactions, marking it the highest number of deals since 2010.
Dubai real estate retained its appeal as investors and residents poured money into villas or apartments as reflected in the latest data.
The emirate recorded 25,972 transactions in the first quarter of 2022.
The performance index released by the Dubai Land Department (DLD) has registered sales of 20,539 worth Dh 55.51 billion during the January – March quarter. This is an 83 percent increase compared to March 2021 and a 109 percent increase in total sales.
“The second quarter, despite the culmination of Expo 2020, is expected to continue the upward trajectory. I believe apartments will cover their lost ground, while the villa segment will continue its high momentum during the subsequent quarters,” Shobeiry told Khaleej Times on Tuesday.
The top searched areas for apartment rentals in March were Dubai Marina, Downtown Dubai, Business Bay, Jumeirah Village Circle, and Jumeirah Lake Towers while the top searched areas for villa or townhouses were Dubai Hills Estate, Jumeirah, The Springs, Al Barsha, and Arabian Ranches.
