New Apartment Sales In Dubai Spiked
The property market in Dubai records a sharp rise in new apartment sales thanks to the launch of several attractive off-plan projects.
Overall, the total volume of property sales in Dubai increased by 65% in 2022 and 15% in Q4 2022 alone. Despite rising interest rates, mortgage activity stayed resilient and increased by 2% in Q4 2022.
New Flats And Apartments In Dubai
According to the latest data, Dubai saw almost 100,000 property transactions in 2022 worth more than $72bn. Interestingly, apartment sales accounted for 69% of all transactions in Q4 2022, with the average prices rising by 6%.
What's more, almost 60% of apartment sales were off-plan projects (buying before the construction is completed).
New Development Launches
As the market demand remains heated, many new build developers enter the Dubai property market. For instance, AIRE Dubai was launched in late January 2023, offering buyers and investors attractive opportunities.
Sitting in Downtown Dubai, the new build boasts an excellent location, top-tier exteriors and bespoke interiors designed by McKimm. AIRE Dubai also offers residents a modern gym, health clubs, an indoor spa, and several other top-tier features.
There are 2-, 3- and 4-bed single-level houses, duplexes, triplexes and penthouses for sale at AIRE Dubai.
