{"id":61483,"date":"2022-07-17T14:38:02","date_gmt":"2022-07-17T10:38:02","guid":{"rendered":"https:\/\/lovin.co\/dubai\/en\/?p=61483"},"modified":"2022-07-17T14:38:03","modified_gmt":"2022-07-17T10:38:03","slug":"dubais-residential-market-saw-a-rise-in-transactions-despite-the-price-increase","status":"publish","type":"post","link":"https:\/\/lovin.co\/dubai\/en\/latest\/dubais-residential-market-saw-a-rise-in-transactions-despite-the-price-increase\/","title":{"rendered":"Dubai&#8217;s Residential Market Saw A Rise In Transactions Despite The Price Increase"},"content":{"rendered":"<p><em>Dubai&#8217;s Residential Market Saw A Rise In Transactions Despite The Price Increase<\/em><\/p>\n<p>This news is probably not one you&#8217;d expect because well it seems like price tags are showing crazy numbers from petrol to <a href=\"https:\/\/lovin.co\/dubai\/en\/news\/dubai-rents-are-increasing-at-the-fastest-rate-in-8-years\" target=\"_blank\" rel=\"noopener\">real estate<\/a> and yet the demand for both has not slowed down.<\/p>\n<p>A study by <a href=\"https:\/\/www.cbre.ae\/en\/insights-and-research\/research\/Dubai-Residential-Market-Snapshot-July-2022?utm_source=twitter&amp;utm_medium=organicsocial&amp;utm_campaign=dubairesisnap_july22&amp;utm_content=image1&amp;linkId=173303959\" target=\"_blank\" rel=\"noopener\">CBRE indicated the Dubai Residential Market Snapshot<\/a> which showed that although the prices of real estate are spiking, transactions have been spiking as well.<\/p>\n<h2>Dubai&#8217;s residential market saw a rise in transactions by 33.3% in June compared to 2021 although there&#8217;s been a hike in prices<\/h2>\n<div style='clear:both;'><\/div>\n<p><!--infeed--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Just out, the July series of our Dubai <a href=\"https:\/\/twitter.com\/hashtag\/residential?src=hash&amp;ref_src=twsrc%5Etfw\">#residential<\/a> market snapshot!<\/p>\n<p>Read our full market snapshot here: <a href=\"https:\/\/t.co\/2m4fgjCNxW\">https:\/\/t.co\/2m4fgjCNxW<\/a><a href=\"https:\/\/twitter.com\/hashtag\/CBREMENA?src=hash&amp;ref_src=twsrc%5Etfw\">#CBREMENA<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/dubaiproperties?src=hash&amp;ref_src=twsrc%5Etfw\">#dubaiproperties<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/realestateinsights?src=hash&amp;ref_src=twsrc%5Etfw\">#realestateinsights<\/a> <a href=\"https:\/\/t.co\/W9ikX7EuIG\">pic.twitter.com\/W9ikX7EuIG<\/a><\/p>\n<p>\u2014 CBRE MENA (@CBREMENAT) <a href=\"https:\/\/twitter.com\/CBREMENAT\/status\/1547862725962870786?ref_src=twsrc%5Etfw\">July 15, 2022<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Apartment prices in Dubai went up by 8.7% and villas by 19.3%<\/h2>\n<p>The total number of transactions stood at 7,941. Off-plan sales saw an increase of 46.7% and secondary market sales also rose by 24.4%. For the year to date, total transaction volumes reached 38,901, the highest total recorded since 2009 &#8211; IMPRESSIVE!<\/p>\n<p>Average rents in the 12 months to June 2022 have increased by 21.7%, with average apartment and villa rents increasing by 21.2% and 24.7% respectively,<\/p>\n<p>As of June 2022, average apartment and villa rents stood at AED85,294 and AED255,437 per annum respectively, according to CBRE.<\/p>\n<p>Let&#8217;s talk numbers: As of June 2022, the average apartment price in Dubai stood at AED1,103 per square foot and the average villa price stood at AED1,324 per square foot.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134515\/rent-price.png\" class=\"aligncenter size-medium\"><\/p>\n<h2>Jumeirah and Palm Jumeirah had the highest prices per square foot<\/h2>\n<p>Now let&#8217;s talk districts: Jumeirah recorded the highest average sales rate per square foot at a whopping AED2,079 for apartments. Palm Jumeirah also had the highest price per square foot at AED3,365 for villas.<\/p>\n<p>Palm Jumeirah witnessed the highest average annual apartment and villa rents, where asking rents on average were AED218,413, followed by Al Barari, where asking rents on average were AED889,225.<\/p>\n","protected":false},"excerpt":{"rendered":"Dubai&#8217;s Residential Market Saw A Rise In Transactions Despite The Price Increase This news is probably not one you&#8217;d expect because well it seems like price tags are showing crazy numbers from petrol to real estate and yet the demand for both has not slowed down. A study by CBRE indicated the Dubai Residential Market &hellip; ","protected":false},"author":2829,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[85,50],"tags":[],"class_list":["post-61483","post","type-post","status-publish","format-standard","hentry","category-latest","category-news"],"acf":{"hide_featured_image":false,"featured_image":{"ID":61486,"id":61486,"title":"rent price","filename":"rent-price.jpg","filesize":1,"url":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134426\/rent-price.jpg","link":"https:\/\/lovin.co\/dubai\/en\/latest\/dubais-residential-market-saw-a-rise-in-transactions-despite-the-price-increase\/attachment\/rent-price\/","alt":"rent price","author":"2829","description":"","caption":"","name":"rent-price","status":"inherit","uploaded_to":61483,"date":"2022-07-17 09:44:26","modified":"2022-07-17 09:44:33","menu_order":0,"mime_type":"image\/jpeg","type":"image","subtype":"jpeg","icon":"https:\/\/lovin.co\/dubai\/wp-includes\/images\/media\/default.png","width":700,"height":350,"sizes":{"thumbnail":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134426\/rent-price-small.jpg","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134426\/rent-price-medium.jpg","medium-width":300,"medium-height":150,"medium_large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134426\/rent-price.jpg","medium_large-width":700,"medium_large-height":350,"large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134426\/rent-price-large.jpg","large-width":700,"large-height":350,"1536x1536":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134426\/rent-price.jpg","1536x1536-width":700,"1536x1536-height":350,"2048x2048":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134426\/rent-price.jpg","2048x2048-width":700,"2048x2048-height":350,"small":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134426\/rent-price-230x115.jpg","small-width":120,"small-height":60,"custom-size":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134426\/rent-price.jpg","custom-size-width":400,"custom-size-height":200}},"featured_image_caption":"","summary":"","flexible_content":[{"acf_fc_layout":"text_block","content":"<p><em>Dubai&#8217;s Residential Market Saw A Rise In Transactions Despite The Price Increase<\/em><\/p>\n<p>This news is probably not one you&#8217;d expect because well it seems like price tags are showing crazy numbers from petrol to <a href=\"https:\/\/lovin.co\/dubai\/en\/news\/dubai-rents-are-increasing-at-the-fastest-rate-in-8-years\" target=\"_blank\" rel=\"noopener\">real estate<\/a> and yet the demand for both has not slowed down.<\/p>\n<p>A study by <a href=\"https:\/\/www.cbre.ae\/en\/insights-and-research\/research\/Dubai-Residential-Market-Snapshot-July-2022?utm_source=twitter&amp;utm_medium=organicsocial&amp;utm_campaign=dubairesisnap_july22&amp;utm_content=image1&amp;linkId=173303959\" target=\"_blank\" rel=\"noopener\">CBRE indicated the Dubai Residential Market Snapshot<\/a> which showed that although the prices of real estate are spiking, transactions have been spiking as well.<\/p>\n<h2>Dubai&#8217;s residential market saw a rise in transactions by 33.3% in June compared to 2021 although there&#8217;s been a hike in prices<\/h2>\n"},{"acf_fc_layout":"embed_block","embed_item":"<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Just out, the July series of our Dubai <a href=\"https:\/\/twitter.com\/hashtag\/residential?src=hash&amp;ref_src=twsrc%5Etfw\">#residential<\/a> market snapshot!<\/p>\n<p>Read our full market snapshot here: <a href=\"https:\/\/t.co\/2m4fgjCNxW\">https:\/\/t.co\/2m4fgjCNxW<\/a><a href=\"https:\/\/twitter.com\/hashtag\/CBREMENA?src=hash&amp;ref_src=twsrc%5Etfw\">#CBREMENA<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/dubaiproperties?src=hash&amp;ref_src=twsrc%5Etfw\">#dubaiproperties<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/realestateinsights?src=hash&amp;ref_src=twsrc%5Etfw\">#realestateinsights<\/a> <a href=\"https:\/\/t.co\/W9ikX7EuIG\">pic.twitter.com\/W9ikX7EuIG<\/a><\/p>\n<p>\u2014 CBRE MENA (@CBREMENAT) <a href=\"https:\/\/twitter.com\/CBREMENAT\/status\/1547862725962870786?ref_src=twsrc%5Etfw\">July 15, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n"},{"acf_fc_layout":"text_block","content":"<h2>Apartment prices in Dubai went up by 8.7% and villas by 19.3%<\/h2>\n<p>The total number of transactions stood at 7,941. Off-plan sales saw an increase of 46.7% and secondary market sales also rose by 24.4%. For the year to date, total transaction volumes reached 38,901, the highest total recorded since 2009 &#8211; IMPRESSIVE!<\/p>\n<p>Average rents in the 12 months to June 2022 have increased by 21.7%, with average apartment and villa rents increasing by 21.2% and 24.7% respectively,<\/p>\n<p>As of June 2022, average apartment and villa rents stood at AED85,294 and AED255,437 per annum respectively, according to CBRE.<\/p>\n<p>Let&#8217;s talk numbers: As of June 2022, the average apartment price in Dubai stood at AED1,103 per square foot and the average villa price stood at AED1,324 per square foot.<\/p>\n"},{"acf_fc_layout":"image_block","image":{"ID":61487,"id":61487,"title":"rent price","filename":"rent-price.png","filesize":1,"url":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134515\/rent-price.png","link":"https:\/\/lovin.co\/dubai\/en\/latest\/dubais-residential-market-saw-a-rise-in-transactions-despite-the-price-increase\/attachment\/rent-price-2\/","alt":"rent price","author":"2829","description":"","caption":"","name":"rent-price-2","status":"inherit","uploaded_to":61483,"date":"2022-07-17 09:45:15","modified":"2022-07-17 09:45:30","menu_order":0,"mime_type":"image\/png","type":"image","subtype":"png","icon":"https:\/\/lovin.co\/dubai\/wp-includes\/images\/media\/default.png","width":700,"height":350,"sizes":{"thumbnail":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134515\/rent-price-small.png","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134515\/rent-price-medium.png","medium-width":300,"medium-height":150,"medium_large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134515\/rent-price.png","medium_large-width":700,"medium_large-height":350,"large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134515\/rent-price-large.png","large-width":700,"large-height":350,"1536x1536":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134515\/rent-price.png","1536x1536-width":700,"1536x1536-height":350,"2048x2048":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134515\/rent-price.png","2048x2048-width":700,"2048x2048-height":350,"small":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134515\/rent-price-230x115.png","small-width":120,"small-height":60,"custom-size":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/17134515\/rent-price.png","custom-size-width":400,"custom-size-height":200}},"image_caption":""},{"acf_fc_layout":"text_block","content":"<h2>Jumeirah and Palm Jumeirah had the highest prices per square foot<\/h2>\n<p>Now let&#8217;s talk districts: Jumeirah recorded the highest average sales rate per square foot at a whopping AED2,079 for apartments. Palm Jumeirah also had the highest price per square foot at AED3,365 for villas.<\/p>\n<p>Palm Jumeirah witnessed the highest average annual apartment and villa rents, where asking rents on average were AED218,413, followed by Al Barari, where asking rents on average were AED889,225.<\/p>\n"}],"legacy_image":"","legacy_full_image":"","type_of_video":"Self Hosted","lovin_video_link":false,"lovin_video_link_webm":false,"video_thumbnail":false,"disable_lovin_hearts":false,"lovin_heart_title":"","show_sponsor":false,"sponsor_name_copy":"","sponsor_image":false,"sponsor_name":"","sponsor_content":"","sponsor_website":"","sponsor_facebook":"","sponsor_twitter":"","sponsor_instagram":"","enable_reveal_feature":false,"reveal_image":false,"featured_for_app":false,"legacy_meta_tags":"","is_guest_user":false,"episode_number":"","embed_code":"","episode_introduction":""},"_links":{"self":[{"href":"https:\/\/lovin.co\/dubai\/wp-json\/wp\/v2\/posts\/61483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lovin.co\/dubai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lovin.co\/dubai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lovin.co\/dubai\/wp-json\/wp\/v2\/users\/2829"}],"replies":[{"embeddable":true,"href":"https:\/\/lovin.co\/dubai\/wp-json\/wp\/v2\/comments?post=61483"}],"version-history":[{"count":0,"href":"https:\/\/lovin.co\/dubai\/wp-json\/wp\/v2\/posts\/61483\/revisions"}],"wp:attachment":[{"href":"https:\/\/lovin.co\/dubai\/wp-json\/wp\/v2\/media?parent=61483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lovin.co\/dubai\/wp-json\/wp\/v2\/categories?post=61483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lovin.co\/dubai\/wp-json\/wp\/v2\/tags?post=61483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}