Dubai’s real estate market has entered an era of strong and sustainable growth that is the best in history, Invest-Gate reports, citing a report by W Capital.

“The market continues record-breaking performance monthly, aligned with expanding investor choices,” said CEO Walid Al Zarooni. This coincides with increased transparency that strengthens Dubai’s position as a top real estate investment destination, he added.

Sales have exceeded AED 217 bn in the first seven months of 2022, the highest value ever for the period. The market still provides attractive investment opportunities and an environment for living and working, as monthly sales hit new records, Al Zarooni noted.

The sector shows signs of resilient growth, proving its flexibility, appeal, and ability to build confidence amid economic and geopolitical volatility. The average daily real estate sales value recently rose to AED 1.5 bn, up from 1 AED 1 bn earlier this year, indicating the momentum from late 2021 continues.

Exceptional demand in the past two years is attributed to Dubai’s economic vitality and the influx of wealthy residents worldwide. This boosted annual real estate returns to 9%. Reliance on end users and new wealthy buyers is driving the boom, which Al Zarooni expects to persist in coming years given strong economic activity.

Dubai’s world-class infrastructure across sectors stays updated by adopting the latest technologies, he said. The legislative environment protects all parties’ rights equally and enables speedy dispute resolution, increasing foreign investors’ confidence in residing long-term.

“The momentum and records encourage investors and enhance confidence in the future of real estate,” Al Zarooni concluded.