With 10,853 sales, the Business Bay area had the most real estate transactions in Dubai in 2022. Dubai Marina (10,074), Al Barsha South 4 (7,338), Burj Khalifa (6,955), Al Merkadh (6,133), Al Hebiah 5 (5,868), Jebel Ali 1 (5,242), Hadaeq Mohammad bin Rashid (4,777), Al Thanyah 5 (4,590), and Palm Jumeirah (4,183) were the other regions in the top 10 list of sites that recorded the most transactions.
The increase in real estate transactions was aided by Dubai’s developing reputation as one of the best cities in which to live and work, as well as by its outstanding infrastructure and welcoming rules.
The sector’s performance contributes to the objectives of the Dubai Economic Agenda D33, which was established by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The agenda aims to double the size of the emirate’s economy by 2033 and solidify Dubai’s position as one of the top three cities in the world.
The Wadi Al-Safa 3 area ranked first in value of transactions in 2022 with over Dh47.1 billion, followed by Palm Jumeirah (Dh40.48 billion), Nad Al Sheba 1 (Dh32.83 billion), Dubai Marina (Dh32.71 billion), Jebel Ali First Industrial (Dh28.84 billion), Business Bay (Dh27.83 billion), El Merkadh (Dh23.08 billion), Burj Khalifa (Dh21.69 billion), Hadaeq Mohammed bin Rashid (Dh17.8 billion) and Trade Centre First (Dh15.39 billion). Dubai recorded a total number of 122,658 real estate transactions in 2022 worth Dh528 billion.