DHs114.5bn Dubai real estate sales in H1- 2022

The best performance ever

DHs114.5bn Dubai real estate sales in H1- 2022

  • The Dubai real estate sector break record  in sales and transactions
  • June  sales  the best in 13 years

Walid Al Zarooni

Dubai, United Arab Emirates

Monday, July 4st, 2022

“W Capital Real Estate Brokerage” report assessed the strong momentum and exceptional performance of the real estate market in the Emirate of Dubai, as the sector concluded the first half of this year on the upward track, to be the  strongest first half performance  ever, with nearly 43,000  sales transactions ,the total value of whichexceededDhs114.5bn.

“The real estate sector continued to break records in terms of sales and transactions, with the first half recording the best performance ever, as sales  topped Dhs114.51bn,” saidWalid Al Zarooni, Chairman of W Capital.

Al Zarooni added that the real estate market in Dubai during the month of June 2022 also maintained the continuous momentum recording 8,833 real estate sales transactions worth Dhs22.69bn, which is the highest number ever for the month of June since 2009.

The same month sales transactions in 2009 amounted to Dhs22.92bn.

When compared the overall performance of June 2021, the last month witnessed an increase in transactions by 42.6%, with an increase in value of 55.4%.

Al Zarooni stated that the exceptional performance of the real estate market in recent months is due to attracting foreign investors. The increasing demand, the high real estate prices and the high return on investment,also encouraged the influx of foreign investors.

“Undoubtedly, the Dubai Expo 2020 , which concluded late March, had a great impact on the good promotion of investment and residence in Dubai and increased the demand for buying real estate,” the chairman added.

Al Zarooni (a pioneer in the real estate brokerage sector in Dubai) stressed that these data are strong evidence of the increasing investment attractiveness enjoyed by the Dubai real estate market.

He stated that they make an clear indication of the continued positive trend towards investment opportunities in the wake of various government initiatives, including the new investor categories that were recently added after the issuance of the golden visa laws, which makes the Dubai real estate market one of the best investment destinations regionally and globally in the long term.

He noted that the real estate market in Dubai has witnessed a radical change, especially in the past few years with remarkable transformation in investments, attracting foreign investors and DFI after it was focused on local investors. That was achieved thanks to the advanced infrastructure in addition to the distinguished lifestyle that includes the world class hotels and restaurants and the exceptional amenities Dubai offers, which made it the best destination for work, life and investment.

Al Zarooni expected the market to continue upward trend during the second half of this year with the influx of more foreign investors, thanks to the stimulating measures taken by the UAE government, such as modernizing visa procedures,besideseconomic stability.

Al Zarooni also suggested that the continuous changes affecting the labor law in Dubai, with the availability of mega projects, will attract larger numbers of investors.

Dubai propertiesH1 sales since 2000

Period of  6 monthsTransaction value –  AEDbnNumber of transactions – deals
H1 2022114.5142971
H1 20216126870
H1 202031.4115041
H1201937.5317046
H1 201840.1817368
H1 201763.6824900
H1 201649.1620175
H1 201565.5323796
H1 201473.9029802
H1 201361.8627697
H1 201253.5117207
H1 201135.6216547
H1 201054.3530589
H1 200989.2750786
H1 200859.799805
H1 200717.952782
H1 20069.431238
H1 20059.941692
H1 20045.991545
H1 20033.181005
H1 20022.721206
H1 20011.66735
H1 20000.826516

Source: DLD data

Dubai property June sales since 2000

 JuneTransaction value – AED bnNumber of transactions- deals
202222.698833
202114.66192
20204.622249
20195.192567
20186.442383
20175.732672
20169.863872
201515.295624
201412.875493
201311.814905
201262669
20114.752340
20108.695469
200922.9211957
200812.392121
20073.98799
20061.46235
20051.2200
20041.33298
20030.615216
20020.523191
20010.321113
20000.09677

Source: DLD data

=End=

About “W Capital”:

“W Capital Real Estate Brokerage” was established in 2007 in the United Arab Emirates, specializing in real estate development, buying, selling, renting as well as consulting services for real estate companies.

Since its inception, the company has sold over AED 200 million of properties to major developers.

About Walid Al Zarooni:

Walid Al Zarooni is the founder and Chairman of W Capital Real Estate Brokerage. A certified real estate expert from the Dubai Real Estate Regulatory Agency “RERA”, he is the author of “Secrets of the Smart Real Estate Investor”.

Al Zarooni is one of the first experts to harness social media to raise the public awareness about  real estate. He provides almost free advice on a daily basis, as well as latest news and updated information through videos and posts on social media platforms such as ” Instagram “,“ Snapchat ” and “Twitter”, on which he is very active.

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