Luxury villas have sold for high-profile valuations in the range of AED 100 to AED300mln

Luxury villas have sold for high-profile valuations in the range of AED 100 to AED300mln

- Dubai real estate drew AED 160 billion in investment in the first eight months of 2022

Dubai, UAE: Unique Properties, one of Dubai’s leading real estate agencies has observed substantial growth in the UAE’s real estate landscape. In particular, transactions in Dubai have surged with over AED 6.2 billion in property deals registered last week alone. Unique Properties explains this significant spike and shares insights on why the market will remain red-hot for the near future.

Dubai’s property market saw nearly AED 160 billion in investment in the first eight months of 2022. The government recently announced the lifting of all restrictions and preventive measures across the UAE to further renew investor trust as buyers accelerate in purchasing an assortment of residential plots, apartments and villas. This upward trajectory has held steady as Dubai announced AED 3.8 billion in real estate deals at the top of last week, and an additional AED 2.4 billion registered in a single day toward the tail-end of it.

UAE real estate growth is being spurred further with the Qatar World Cup 2022 (QWC) nearly set to commence. Qatar’s proximity to Dubai will see QWC visitors who transit through the emirate make property purchases for either living