Dubai property sales spike on strong demand with AED9.9B in weeklong property transactions

Dubai’s real estate sector has definitely become more dynamic and transparent as investor-friendly procedures are attracting not only local but global property buyers. June 2022 concluded sales which is one of the best months since 2009.

According to the Dubai Land Department 2,369 real estate transactions in the amount of AED 9.9 billion during the week ending 6 July 2022.

The continuous boost in performance of the Dubai real estate market in recent months is all due to attracting foreign investors. The increasing demand and the increased real estate prices as well as the high return on investment boosted the influx of foreign investors.

The ongoing changes of labor laws in Dubai and the availability of mega projects will keep attracting more and more investors.