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It is well known that Dubai's real estate sector has been in the spotlight for a long time, notwithstanding the uncertainty caused by Covid. In other words, it is exhibiting significant signals of long-term growth. 

You should be aware that as per Dubai Land Department data, the city had its best month in the last eight years in October 2021. Yes, Dubai’s real estate sector attracted a total of Dh.13.12 billion in investments split across 5,352 transactions. Sounds amazing, right? 

Well, in this blog, you'll read how you can expect even more from Dubai’s real estate market in 2022.  

Phenomenal 2021 Of Dubai Real Estate

In 2021, the worth of commercial sales transactions in Dubai surpassed a 12-year high, hitting AED151.07 billion. Not only that, but the sales transaction rate also increased by 74.77 per cent in the previous year. When compared to 2019, it was a 55.47 per cent boost in volume and a 90.10 per cent increase in value. 

But what is the major reason behind this impeccable growth of real estate in Dubai? Let's have a brief look at the key reasons. 

Factors Contributing To the Growth Of Real Estate

The property market in Dubai has been influenced by three important factors: 

• More overseas investors
• Lower supply
• Cheap financing rates

The best part is that the first of these variables are also predicted to continue to influence market growth in 2022. It's like, on the one hand, where the Omicron variant has already caused new waves of unease around the world, the UAE continues to be a haven for the international community. 

Yes, you heard it right as, even though cases increased at the end of 2021, carefully implemented government safeguards and a targeted drive for booster vaccinations help to give a degree of personal protection that is difficult to obtain elsewhere. And the other two variables, particularly low interest/mortgage rates, will, however, drive the market.

Unstoppable Rise In Real Estate Market Even In 2022 

Dubai’s real estate sector is predicted to keep rising even in 2022. The most recent data shows how lower loan-to-value ratios and increased business stability have benefited Dubai in reviving significant investment interest in the real estate industry, which had a solid recovery in all performance measures such as rents, cap rate, and transaction rates last year.

According to the Dubai annual report 2021-2022:

• 37,000 housing properties were completed in 2021, including 5,900 villas, and approximately similar housing properties will be completed in 2022. 
• The report also highlights how the UAE government would continue to work to make the country the most desirable location for tourists, businesses, and people. As a result, the real estate market will be supported, and demand will be bolstered across asset classes.

Get In Touch With Signature Habitat If Looking Forward To Buy Property In Dubai

Overall, due to the market's constant growth, it is difficult to understand Dubai's real estate. Although, considering the economic growth, starting a business or purchasing property in Dubai could be an excellent investment. And so, it is quite normal if you are also looking forward to buying property there. The best part is that you don't need to stress as we are here to help you. 

We, at Signature Habitat, can help you in locating the ideal property in the UAE. We can also assist you with the property's mortgage. We've been in the business for a long time and can assist you in finding the finest deal. Our team of specialists makes the entire procedure quite easy and convenient. Get in touch with us right now to find the perfect home!