UAE Property Price Continues to Surge at Slow Place in 2022

blog-post-image

Blog Description

UAE  is the global hub where real–estate is always topped in the revenue index. Dubai has recorded the highest sales transactions in Dubai worth around Dh16.69 million in January which is till now the best. The residential property price will see huge growth but at a slower rate than ever. There are chances Dubai will be seeing a huge inventory coming in Dubai or Abu Dhabi.

According to the data, UAE will be seeing a major number in terms of supply i.e. 38,500 apartments, 3,800 villas which are quite similar to last year. Also, Dubai will get the demand for around 30,000 flats, and 3,500 villas where supply can be affected this year or might be moved to the next year.

In Abu Dhabi, approximately 2000 residential units will be delivered to the Reem island, 2,000 each in Al Raha Beach ad Yas Island, and 1200 in Saadiyat Island. Dubai is in the major restructuring area and the future is full of new projects and technology advanced buildings in Dubai from masters and third-party developers which are construction linked and completed with payment plans.

UAE is the capital for major developments also there will be new project announcements are expected in 2022 and projects that were put on hold will be expected to restart shortly. The master plan communities in Sharjah and Ras Al Khaimah are likely to see an additional supply.

In Al Ain, there are a small number of buildings located in the Town Center where there are expected to handover apartments and villas that are spread across the different areas of Al Ain areas.

2021 has recorded incredible sales and the property market began on a very high note as Dubai recorded sales transactions of approximately worth Dh6.69 last month. 2022 has seen a great start, not that good in comparison with the 2021 sales transactions. 53 percent of all transactions were for secondary and ready properties while 43 percent was for off-plan properties.

The off-plan market has recorded impeccable deals and also negotiated 2706 homes worth Dh5.32 million and while the prepared market has negotiated 3,091 deals worth Dh11.37 billion.

The new supply has been reduced in the best locations but Signature Habitat has an incredible inventory of apartments and villas in prime locations of Dubai. The off-plan demand is high in the market not anytime it is going down due to the beliefs surrounding the market, rising rates, and main attraction places are receiving great tasks in the marketplace.

The low interest rate in the UAE has led to a boost in the sales of off-plan properties. Also, customers are getting finances more easily than before. The sale transactions are higher due to the belief it will generate a generous amount of returns in the long run. 2022 is the year of new developments, more projects, and enhanced supply that will boost the economy.

Leave a reply

Signature Habitat Properties LLC is a property brokerage company registered in Dubai – UAE (License No. 861348). We are regulated by Real Estate Regularity Agency under office No.2608, Concord Tower Dubai Media City, Dubai - UAE

    Follow us