Dubai’s Business Bay saw the emirate’s highest number of real estate transactions last year, according to statistics from the Dubai Land Department (DLD).
10,853 transactions were recorded in the area, with other top locations including Dubai Marina, Al Barsha South 4, Burj Khalifa, Al Merkadh, Al Hebiah 5, Jebel Ali 1, Hadaeq Mohammad bin Rashid, Al Thanyah 5, and Palm Jumeirah.
The strong prospects for sustainable economic and real estate market growth, Dubai’s rising profile as a desirable city to live and work, its exceptional infrastructure, and supportive regulations have all contributed to a remarkable growth in real estate transactions.
Dubai areas ranked by real estate transaction value in 2022
- Wadi Al-Safa 3 AED47.1bn ($12.8bn)
- Palm Jumeirah (AED40.48bn)
- Nad Al Sheba 1 (AED32.83b)
- Marina (AED32.71bn)
- Jebel Ali First Industrial (AED28.84bn)
- Business Bay (AED27.83bn)
- El Merkadh (AED23.08bn)
- Burj Khalifa (AED21.69bn)
- Hadaeq Mohammed bin Rashid (AED17.8bn)
- Trade Centre First (AED15.39bn)
The city recorded a total of 122,658 real estate transactions worth AED528bn ($144bn) in 2022.
Over the past few years, DLD has provided seamless services, introducing supportive regulations, fostering a digital ecosystem, consolidating various sources of data through partnerships and raising the capabilities of its human resources to maintain the highest levels of service excellence.
These have enhanced the real estate investment environment in the emirate, and the sector is set to achieve greater growth in the future.
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