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The real-estate sector is thriving in Dubai and is crossing the benchmark every day regardless of the uncertainties brought by the pandemic. The robust recovery of the UAE is a sign of sustainable growth and high revenues retained by businesses that are positively impacting the UAE Property Market. 

The data showcased by Dubai Land Department last week shows in the last 8 years retained impeccable investment in billions with a high conversion rate of over 5352 deals. The real-estate sector is recovering at a higher pace where the demand for villas is surging each day and the delivery of some projects has been moved to year-end. 

The value of real-estate deals has gradually increased or doubled in the last few years and has broken the record in terms of getting maximum sales transactions. The high demand and sales are fuelled by the global exposure and benefits that the market offers which allows businesses to excel at a higher rate than before.

Dubai has the highest economy and the initiatives taken by the UAE government have positively contributed to the development of the UAE. The growing population and participation of foreign investors in Dubai are strengthening the economy. The local or international people are investing highly in the Dubai real estate market.

Continuous Demand in Property Sector of Dubai in 2022

The start of 2022 has been amazing as the real-estate sector has seen major growth. The sales transactions were in millions 

The surge in prices doesn’t affect the demand which shows the real estate market is going to remain steady with a modest rise in prices in the coming years. The rising prices indicate the potential real-estate market holds and how it can benefit in the long run if you have invested now in Dubai with Signature Habitat. 

The current boom in the Dubai real estate market brings more hope as 64,000 new housing units will be up for sale shortly which shows why it is best to buy property in Dubai in 2022. Businesses are evolving and coming back to normalcy due to the initiatives led by the government leading to higher economic growth. 

Palm Jumeirah retained the largest transaction with the sales of residential properties and the transaction went in millions or billions. Dubai Marina also received the largest sales transaction and contributed positively to the UAE’s economy. 

Bottom Line

The Dubai real estate market has seen some major fluctuations since 2020 but gradually recovered in 2021. 2022 is the best time to buy property in Dubai 2022 as the transition of Expo 2020 into District 2020 is incredible. Also, the FTA signed between India and UAE presents a myriad of opportunities for investors to commence business as foreigners will reside and pursue their business in the UAE. 

If you are planning, do not wait and associate with Signature Habitat to buy the best properties in the prime locations at the best price. Their team of experts helps you every step of the way in your buying journey.