Dubai real estate red hot but prices will continue to rise in the bull market

The ‘Dubai effect’ responsible for attracting local and foreign investors extends beyond ROI

Property prices in Dubai continue to increase at an unprecedented rate since the beginning of 2022. According to the Dubai Land Department, Q2 2022 marked the highest quarterly volume of sales transactions over the past 10 years, achieving a total of 22,504 transactions worth AED59.154 billion. We have witnessed an upward trajectory since the end of 2020, with a steadier and more notable rise in prices this year.