Dubai's infrastructure is actively attracting foreign investors. This is evidenced by the statistics of the sales market for the first half of 2022:
- The number of transactions reached 71% of the total number of transactions in 2021.
- In the first half of the year, the number of sales increased compared to the same period in 2021.
- The average cost of housing from January 2021 to June 2022 increased by 85%.
- In June 2022, real estate was sold by 3.8% more than in May.
- More than 60% of sales related to finished housing and 39.5% of transactions were made with housing under construction.
Not only locals are actively buying housing. Among foreign investors, residents of the UK, Indians and the French are in the first place. Russians are among the top five. Real estate is purchased not only for cash. 32% of transactions were concluded with the involvement of mortgage loans.
The most popular areas of Dubai remain such as Dubai Marina, Palm Jumeirah, Downtown Dubai, where real estate is the most expensive. Palm Jumeirah remains an area known for its premium properties.
