_480x320.jpg)
Despite the global pandemic, real estate market experts in the United Arab Emirates say that high demand and sales growth will continue in 2022. The analysis shows that strategic government initiatives attract global investors to Dubai.
Investment interest remained high throughout 2021. The annual report of the major analytical company Core for Dubai shows that the UAE government attracts foreign nationals to the country to support the real estate market. The market recovery has not yet reached its peak sales in 2014, so most megacities have growth potential.
The sales figures are also impressive. According to the report, 5,900 luxury villas were put into operation in 2021. The total number of commissioned real estate has reached 37,000. The number of completed projects will increase in 2022, some of which were delayed by pandemic restrictions. At least 36,000 housing units will be commissioned in 2022. However, this figure is not final, as developers are working on new projects.
Commissioned villas are in high demand. This applies not only to sales but also to rentals. Sales prices increased by an average of 22% in 2021. Experts predict that the trend will continue in 2022, as people prefer spacious housing.
