• About us
  • Community
  • Terms
  • Privacy
  • Contact Us
Tuesday, March 28, 2023
  • Login
Dubai News TV - Dubai News
  • Home
  • UAE
    • Dubai
    • Sharjah
    • Abu Dhabi
    • Ajman
    • Ras Al Khaimah
    • Fujairah
    • Umm Al Quwain
  • REGION
    • Asia
    • South Asia
      • Pakistan
      • India
      • Bangladesh
      • Afghanistan
    • Middle East
    • GCC
    • MENA
    • Europe
    • Africa
  • Business
    • Global Business
    • Local Business
    • Markets
  • REAL ESTATE
  • Expo 2020
  • Meet The CEO
  • Horoscope
  • PR
  • more
    • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
No Result
View All Result
  • Home
  • UAE
    • Dubai
    • Sharjah
    • Abu Dhabi
    • Ajman
    • Ras Al Khaimah
    • Fujairah
    • Umm Al Quwain
  • REGION
    • Asia
    • South Asia
      • Pakistan
      • India
      • Bangladesh
      • Afghanistan
    • Middle East
    • GCC
    • MENA
    • Europe
    • Africa
  • Business
    • Global Business
    • Local Business
    • Markets
  • REAL ESTATE
  • Expo 2020
  • Meet The CEO
  • Horoscope
  • PR
  • more
    • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
No Result
View All Result
Dubai News
  • Top News
  • UAE
  • REGION
  • Business
  • World
  • REAL ESTATE
  • Entertainment
  • ENVIRONMENT
  • Expo 2020
  • FEATURED
  • Horoscope
  • Meet The CEO
  • Road To Financial Freedom
  • Opinion
  • PR
  • Sports
  • Tech
  • Video Posts
Home Business Local Business

Dubai property market continues its upward trajectory in H1 2022

Ending the first half on a record-breaking note, the Dubai property market is well-positioned to produce an even better second half with Expo City opening its doors

by Dubai News
July 19, 2022
in Local Business, REAL ESTATE, Top News
4.4k 44
Dubai property market,zoom property
63.4k
VIEWS
Share on FacebookShare on Twitter
  • 2k transactions valuing AED 115 billion recorded in H1 2022.
  • June 2022 proved to be a record-breaking month for the Dubai property market as it produced the highest ever sales figure since 2009.
  • After a 23 per cent increase, property prices during the H1 averaged AED 1,140 per square foot.
  • Business Bay, Dubai Marina, Al Hebiah Fifth, Jumeirah Village Circle, and Downtown Dubai rank among the communities that recorded the highest transactions during H1 2022.
  • Al Merkadh, Dubai Creek Harbour, and Palm Jumeirah also produced significant results.

 

Dubai :

The first half of 2022 has concluded on a strong note for the Dubai property market as it recorded 43.2k transactions worth AED 115 billion. This marks a year-on-year growth of nearly 60 per cent in terms of sales volume and 87.8 per cent in terms of sales value, according to the Zoom Property Insights.

June 2022 broke a 13-year record, with over 41 per cent growth vis-à-vis sales volume in comparison to 2021. About 8,850 transactions worth AED 22.10 billion were recorded during the month, making it the best June since 2009.

A further breakdown shows that 5,880 transactions worth AED 10.9 billion were recorded for apartments, while around 2,000 transactions valuing AED 7 billion were made in the villa segment.

The average property prices have also increased significantly during the first half. They now stand at AED 1,140 per square foot, which shows a growth of nearly 23 per cent as compared to first half of 2021, according to the Zoom Property Insights.

Ata Shobeiry, CEO at Zoom Property, is hopeful that the market will continue its upward momentum during the second half as well, facing the upcoming challenges posed by global recession.

“The strong first half is an indication that the market is well-poised to face global challenges, particularly with Expo City Dubai ready to receive visitors, tenants, and entrepreneurs from October 2022. I believe that the market will continue its upward trajectory and end the year on an even higher note,” he said.

Top-performing areas in H1 2022

Business Bay recorded the highest number of sales transactions during the first half. The mixed-use community had 4,310 transactions indicating a year-on-year growth of around 117 per cent. Dubai Marina, with 3,735 transactions, occupied the second spot.

It was followed by Al Hebiah Fifth, Jumeirah Village Circle, and Downtown Dubai as these areas recorded 3,150, 2,900, and 2,585 real estate transactions, respectively.

Al Merkadh with 2,300, Dubai Creek Harbour with 1,865, and Palm Jumeirah with 1,145 transactions remained the other popular areas in terms of property transactions during the first half of 2022.

“With June producing record-breaking figures, it’s safe to say that the upcoming months will carry forward the momentum. Reformed visa policies with relaxed conditions coming into effect from September 2022 will also play their part and attract more foreign investors and buyers. This will reflect in the year-end numbers produced by the property market”, Shoberiy said.

About Zoom Property (www.zoomproperty.com)

Zoom Property is an emerging property portal in the UAE with a primary focus on Dubai, Abu Dhabi and Sharjah markets. The portal also features international properties in KSA, the UK and other regions on the platform to facilitate buyers and renters. It is also popular among developers, real estate brokerages and property sellers.

For media enquiries, please contact:

Ahmad Wali
hello@zoomproperty.com
+971 4 331 9909

Share254Tweet159Share44Send
">
ADVERTISEMENT

Related Posts

Aldar reveals pioneering wellness-focused residential development in UAE
Top News

Aldar reveals pioneering wellness-focused residential development in UAE

March 27, 2023
2.2k
Pilgrims can perform Umrah 'once' in Ramadan
Asia

Pilgrims can perform Umrah ‘once’ in Ramadan

March 27, 2023
2.2k
Pakistan vs Afghanistan t20 2023
Sports

Farooqi and Najibullah earn Afghanistan hard-fought win to seal series

March 26, 2023
2.2k
Discover India, other global destinations, with Etihad Airways' discounted summer fares
India

Discover India, other global destinations, with Etihad Airways’ discounted summer fares

March 26, 2023
2.2k
Japan's Ushba Tesoro wins Dubai World Cup race with $12 million grand prize
International

Japan’s Ushba Tesoro wins Dubai World Cup race with $12 million grand prize

March 26, 2023
2.2k
Israeli defence minister calls for halt to judicial overhaul
NEWS

Israeli defence minister calls for halt to judicial overhaul

March 26, 2023
2.2k

Popular News

  • Top nationalities continue to invest in Dubai real estate

    Top nationalities continue to invest in Dubai real estate

    18 shares
    Share 434 Tweet 271
  • Dubai’s luxury home market to continue its golden run in 2022

    531 shares
    Share 212 Tweet 133
  • How to set up a real estate brokerage company in Dubai

    14 shares
    Share 288 Tweet 180
  • Dubai home sales surged 55.9% in April

    34 shares
    Share 324 Tweet 202
  • What Happened to Zack & Irina From ‘Love Is Blind’ Season 4

    22 shares
    Share 9 Tweet 6
  • Savour the Flavours of Ramadan 2023 with These Mouthwatering Iftar Meals in UAE

    9421 shares
    Share 9 Tweet 6
  • Here’s the Relationship Status of Kwame and Chelsea From Love Is Blind

    22 shares
    Share 9 Tweet 6
  • Neom Airlines, Riyadh Air set to take off by early 2025 

    142 shares
    Share 46 Tweet 29
  • Dubai Police Iftar cannon to announce contributors to ‘1 Billion Meals Endowment’ campaign

    22 shares
    Share 9 Tweet 6
  • Forex and Gold Rates in UAE

    615 shares
    Share 571 Tweet 61
Currently Playing

Zoom Property Insights - How Expo 2020 is Shaping up the Dubai Property Market | Dubai News TV

Zoom Property Insights - How Expo 2020 is Shaping up the Dubai Property Market | Dubai News TV

00:03:34

Learn When is Best Time to invest in Real Estate Market

00:08:02

Managing Personal Liquidity in 7 Steps | Shailesh Dash | Dubai News TV

00:11:27

The World Plays The UAE National Anthem

00:02:13

Meet the CEO : BANKING ON RAJEEV KAKAR

00:25:20
United Arab Emirates Dirham Exchange Rate

About US

DubaiNews.Tv is a fast-growing Dubai-based digital platform that covers news, happenings and current affairs with a central focus on Dubai, UAE, Gulf, Middle East. It also features regional and international news activities in addition to exclusive reports, interviews and special videos.

info@dubainews.tv

dubainews.tv@gmail.com

Follow Us

Browse by Category

  • Abu Dhabi
  • Afghanistan
  • Africa
  • Ajman
  • Apps
  • Asia
  • Bangladesh
  • Business
  • CPEC
  • Dubai
  • EDITOR'S CHOICE
  • Education
  • Entertainment
  • ENVIRONMENT
  • Europe
  • EXCLUSIVE
  • Expo 2020
  • FEATURED
  • Featured Stories
  • Forex
  • Fujairah
  • GCC
  • Global Business
  • Health
  • heath
  • Horoscope
  • India
  • International
  • Iran
  • JOBS
  • Lifestyle
  • Local Business
  • Markets
  • Meet The CEO
  • MENA
  • Middle East
  • Mobile
  • MORE
  • Movie
  • Music
  • NEWS
  • Opinion
  • Pakistan
  • Philippine
  • Philippines
  • Politics
  • PR
  • Ras Al Khaimah
  • REAL ESTATE
  • REGION
  • Road To Financial Freedom
  • Russia
  • Science
  • Science
  • Sharjah
  • South Asia
  • Space
  • Sports
  • Spotlight
  • Sri Lanka
  • Startup
  • STOCKS
  • Syria
  • Tech
  • The Big Read
  • Top News
  • Tourism
  • Travel
  • Tunisia
  • turkey
  • UAE
  • Umm Al Quwain
  • Uncategorized
  • Video Posts
  • Viewpoint
  • Weather
  • World

Recent News

UAE residents feel weight of higher medical insurance bills, as average hits Dh6,000 a year

March 28, 2023
UN Security Council turns down request for Nord Stream inquiry

UN Security Council turns down request for Nord Stream inquiry

March 28, 2023
Brazilian teenager accused of fatally stabbing Sao Paulo teacher

Brazilian teenager accused of fatally stabbing Sao Paulo teacher

March 28, 2023
Will Vladimir Putin go nuclear in Ukraine?

Will Vladimir Putin go nuclear in Ukraine?

March 28, 2023
Blurring make-up: The cosmetics that act like an Instagram filter for your skin

Blurring make-up: The cosmetics that act like an Instagram filter for your skin

March 28, 2023
  • About us
  • Community
  • Terms
  • Privacy
  • Contact Us

© 2022 DNTV - Powered By Dubai News TV.

No Result
View All Result
  • Top News
  • UAE
    • Dubai
    • Abu Dhabi
    • Ajman
    • Fujairah
    • Ras Al Khaimah
    • Umm Al Quwain
  • REGION
    • Middle East
    • GCC
    • MENA
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Asia
    • Africa
    • Europe
  • Business
    • Global Business
    • Local Business
    • Markets
  • World
  • REAL ESTATE
  • Entertainment
  • ENVIRONMENT
  • Expo 2020
  • FEATURED
    • Featured Stories
  • Horoscope
  • Meet The CEO
  • Road To Financial Freedom
  • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
  • PR
  • Sports
  • Tech
  • Video Posts

© 2022 DNTV - Powered By Dubai News TV.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.