Dubai real estate set to tap more HNWIs as September sales climb to Dh 24.42bln

Dubai real estate set to tap more HNWIs as September sales climb to Dh 24.42bln

- Wearing face masks no longer mandatory in public places in Dubai, with certain exceptions

- Amidst pandemic restrictions being lifted, Dubai real estate is expected to continue its upward trajectory as September 2022 recorded 8,649 transactions with a combined worth of Dh24.42

- The total sales figure in 2022, at the end of September, has crossed Dh184 billion

- The demand for villas will continue to grow as September 2022 recorded transactions for 1,694 houses.

- Rental apartments expected to witness an increase in demand as villa rents continue to rise, with the average annual price reaching Dh263,034.

Dubai: With wearing face masks no longer mandatory in public areas, except for public transportation, mosques, and medical facilities, the Dubai property market is expected to continue to its high momentum as HNWIs reposed trust in the growing sector despite the challenging environment across the globe.

The market is already cruising as September 2022 concluded with 8,649 transactions valuing Dh24.42 billion. This marks an increase of a little over 13 per cent and 24 per cent in terms of transaction volume and value, respectively.

Dubai’s real estate attracted over Dh20 billion in sales in a fourth consecutive month as investors continued to invest in the market. After registering