Business Bay will have the most number of real estate transactions in Dubai in 2022

real estate

The Business Bay neighborhood saw the highest real estate sales in Dubai in 2022 with 10,853. The other areas in the top 10 list of locations with the highest transactions were Dubai Marina (10,074), Al Barsha South 4 (7,338), Burj Khalifa (6,955), Al Merkadh (6,133), Al Hebiah 5 (5,868), Jebel Ali 1 (5,242), Hadaeq Mohammad bin Rashid (4,777), Al Thanyah 5 (4,590), and Palm Jumeirah (4,183).

Dubai’s growing reputation as one of the best cities in which to live and work, as well as its exceptional infrastructure and hospitable laws, all contributed to the rise in real estate transactions.

Dubai’s growing reputation as one of the best cities in which to live and work, as well as its exceptional infrastructure and hospitable laws, all contributed to the rise in real estate transactions.

The goals of the Dubai Economic Agenda D33, which was set by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, are aided by the sector’s performance. The plan intends to make Dubai one of the top three cities in the world by 2033 and double the size of the emirate’s GDP by then.

In terms of transaction value in 2022, the Wadi Al-Safa 3 area came in first with over Dh47.1 billion, followed by the Palm Jumeirah (Dh40.48 billion), Nad Al Sheba 1 (Dh32.83 billion), Dubai Marina (Dh32.71 billion), Jebel Ali First Industrial (Dh28.84 billion), Business Bay (Dh27.83 billion), El Merkadh (Dh23.08 billion), Burj Khal (Dh15.39 billion). In 2022, Dubai recorded 122,658 real estate transactions totaling Dh528 billion.

Join The Discussion

Compare listings

Compare