Dubai’s real estate market continues to ride high on strong investor confidence by Rizwan Sajan, Founder and Chairman, Danube group

Dubai’s real estate market continues to ride high on strong investor confidence by Rizwan Sajan, Founder and Chairman, Danube group

Dubai, United Arab Emirates

Investor confidence in Dubai’s real estate remain very strong despite volatility in different parts of the world that could increase recessionary pressures elsewhere. The launch of the increased number of new real estate projects in recent months reflect growing investor confidence in Dubai’s residential property market.

This is also reflected in the increased number of real estate and land transactions across the emirate-which is way higher that the last year’s figures. The total value of 67,000 land and property sale and mortgage transactions recorded a whopping 75.43 percent growth reaching Dh180 billion in the first 9 months of 2022, compared to Dh102.6 billion in the corresponding period last year. At this rate, the overall land and property transactions is going to create another bumper record year for the real estate sector in Dubai.

Considered the best-performing quarter in the history of Dubai’s Real Estate sector, the value of real estate sales reached Dh70 billion, confirming quarterly growth of 18% and 64.5% growth compared to Q3-2021. In the third quarter of 2022, 22 residential projects were completed consisting of more than 5,380 units.

If we look at our own activities at Danube Properties, we launched 14 projects in 7.5 years till