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Dubai's luxury real estate market maintained upward growth
Driven Real Estate prepares market studies to guide investors
The emirate recorded 7,936 off-plans sales, up 117.7% YoY
Expatriates experience a strong sense of home and comfort
Over 30K transactions from January through May
Market maintained growth of 1.1 percent to reach 80.6 points
Mortgage transactions represented 55% of home sales volumes
Over 40,000 flats, villas scheduled for completion over remainder of 2022
Government’s programs to boost home ownership have turbo-charged demand
Arabian Ranches, Jumeirah Islands lead annual villa prices
Luxury villa rents have jumped by 20 percent to 35 percent
Higher interest rates could curb the activity
This is despite global price pressures
Names like Ronaldo, The Beckhams, Armani, made Dubai their 2nd home
Sales prices recorded a significant spike, particularly in regard to villas
Demand for office space climbs as foreign firms expand
The villa was sold for $28 million
Off-plan sales transactions increased by 44%, with 73.68% value increase
Residential price index reached 79.8 points in April
79K transactions completed since March 2020
Housing and social services projects are government priorities
The secondary market activity sees a surge in European investors
Q1 sees rising demand for office space
Higher demand from residents, bigger flows from outside buyers
