UAE Real Estate Market Report Q1 2022

The overall residential transactions volume went up by 14.6% in Q1 of 2022 when compared to the previous quarter. Off-plan transactions volume for total residential transactions went up by 8% quarterly whereas ready transactions volume went up by 21%. Compared to the same period last year, the total residential transactions volume are up by an impressive 77%.

The value of overall residential transactions went up by 12% when compared to the previous quarter. Value of total off-plan residential transactions fell by 5% quarterly and on the other hand the value of total secondary residential transactions went up by 25%. Overall residential transactions value is up by 109% compared to the same period last year.

The quarter-wise transaction volume and value has been highest for any quarter when compared to past several years.