Dubai off-plan property market in July 2022: Prices and sales volume are still on the rise

International real estate broker Tranio analysed the data on property transactions of July’22 released by Dubai Land Department. The data shows that off-plan property prices in Dubai continue to rise, while the growth of market volume has slowed down during the mid-season.

According to Dubai’s real estate registry, 3,542 transactions with off-plan residential properties were recorded in the Emirate in July 2022. The number of transactions in the off-plan housing segment has increased by 97.5%, compared to July 2021.

The volume of Dubai’s off-plan housing market in the past month is estimated at 2.13 billion US dollars, which amounts to a 132% increase year-on-year. The indicator includes the sales of off-plan apartments and villas.

The average price of off-plan housing in Dubai is rising steadily and has reached 5,196 US dollars per square metre in July 2022. A year ago, the average price of off-plan residential properties was 4,665 US dollars per square metre, that is 12% less than the current figure.