Q4 2022

Dubai Real Estate Market Report

Morgan’s International Realty’s quarterly reports reflects the latest market trends and gives a comprehensive view of Dubai’s residential & commercial property markets, the data is acquired from a vast number of reliable sources and it will offer our readers a deep view of the market performance, price movement, hottest communities and much more.

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Dubai real estate market outperforms global cities in Q4 2022

Real estate sales increased by 15% quarterly and 65% annually

Investor confidence remains robust with a total of 97,252 transactions and a total value of AED 265 billion

Mortgage activity increased by 2% despite rising interest rates

Strong demand for apartments, accounting for 69% of total transactions, with a transactional price per square foot 18% higher than the previous year

Primary market transactions increased by 25% quarter-on-quarter and by 89% year-on-year, accounting for 49% of total sales

Secondary market performance also strong, with a 5% increase QoQ and a 45% increase YoY

Luxury real estate market expanding with a 28% increase in transactions QoQ and 164% YoY

Luxury apartment sales in Dubai grew 313% YoY, driven by demand for branded residences and new development launches.

Palm Jumeirah leads in terms of value of homes sold

Commercial real estate performance remains sluggish but expected to improve in following quarters

Primary market (off-plan) returns to dominance with no sign of supply slowdown

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