Business Bay sees the highest number of real estate transactions in 2022

Business Bay sees the highest number of real estate transactions in 2022

The Business Bay area recorded the highest number of real estate transactions in Dubai last year with 10,853 transactions, according to a statement by Dubai Media Office.

The other areas in the top 10 list of locations that registered the highest number of transactions included Dubai Marina (10,074), Al Barsha South 4 (7,338), Burj Khalifa (6,955), Al Merkadh (6,133), Al Hebiah 5 (5,868), Jebel Ali 1 (5,242), Hadaeq Mohammad bin Rashid (4,777), Al Thanyah 5 (4,590), and Palm Jumeirah (4,183).

Buoyed by the strong prospects for sustainable economic and real estate market growth, areas across Dubai saw high levels of real estate transactions in 2022. Dubai's rising profile as one of the best cities to live and work, its exceptional infrastructure, supportive regulations as well as the high quality of services provided by the Dubai Land Department (DLD) contributed to a remarkable growth in real estate transactions.

The exceptional performance of the sector supports the goals of the Dubai Economic Agenda D33 launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to double the size of the emirate’s economy by 2033 and consolidate its status as one of the world’s top