Dubai real estate topped $144bn in 2022, 76.5% increase

Dubai real estate deals topped AED500bn for the first time last year

Dubai’s annual real estate transactions crossed half a trillion dirhams for the first time in 2022, according to official statistics.

The Dubai real estate sector saw transactions worth a record AED528bn ($143.8bn) last year, a 76.5 percent increase from 2021.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said, “The exceptional performance of the real estate sector reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to make Dubai one of the world’s top three cities.