{"id":35811,"date":"2022-08-11T15:58:24","date_gmt":"2022-08-11T12:58:24","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=35811"},"modified":"2026-03-28T01:31:35","modified_gmt":"2026-03-27T22:31:35","slug":"july-2022-records-highest-real-estate-transactions-in-12-years","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/july-2022-records-highest-real-estate-transactions-in-12-years\/","title":{"rendered":"July 2022 Records Highest Real Estate Transactions in 12 years"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li>July 2022 recorded 7,092 total sales transactions worth AED 21 billion.<\/li><li>July 2022 recorded 42,698 rental leases: 56.04% were new leases, and 43.96% were renewals.&nbsp;<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2022\/08\/Scott-Bond_ssict_614_768.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"614\" height=\"768\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2022\/08\/Scott-Bond_ssict_614_768.webp\" alt=\"Scott Bond_ssict_614_768\" class=\"wp-image-35812\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2022\/08\/Scott-Bond_ssict_614_768.webp 614w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2022\/08\/Scott-Bond_ssict_614_768-240x300.webp 240w\" sizes=\"(max-width: 614px) 100vw, 614px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dubai, UAE, 11 August 2022<\/strong>: According to Property Finder, the MENA\u2019s leading PropTech company, July 2022 recorded 7,092 total sales transactions volume worth AED 21 billion, which is considered the best start for the second half of the year in the past 12 years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Comparing year-on-year performance, the total sales transactions volume jumped 63.56% over July 2021 at 41.16% compared to July\u2019s volume peak in 2013. Additionally, the value increased significantly by 88.41% compared to 2021 and 58.27% in comparison to 2013.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In July, 59% of all sales transactions were for the secondary\/ready property, while 41% were for off-plan properties. Considering the transactional volume, the secondary\/ready market transacted 4,184, presenting a significant volume increase of 61.17% compared to July 2021 and around 91.47% in terms of value. The Off-plan market also transacted 2,908, recording an increase of 67.13% compared to July 2021 and around 81.43% in terms of value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, July\u2019s rental market recorded 42,698 contracts, which is an increase of 4.33% compared to June, whereby total renewed contracts recorded an increase of 24.65%. Annual contracts dominated the rental market by \u200b\u200b86%, with a total of 36,695&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, the demand for residential leases continues to remain strong, representing 72.97% of total rental leases in July, recording an increase of 5.67% compared to June 2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Commenting on the market,&nbsp;<strong>Scott Bond, Property Finder\u2019s UAE Country Manager,&nbsp;<\/strong>stated: \u201cWe have seen positive momentum in the market over the recent months, showcasing the resilience of Dubai\u2019s sector. The market reflected solid performance for July supporting all expectations and breaking the market volume peak in 2013, resulting in the highest year-on-year market value transactions.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Property Finder\u2019s proprietary data, the top areas searched for sale in July were Dubai Marina, Downtown Dubai, Business Bay, Palm Jumeirah, Jumeirah Village Circle, and Jumeirah Lake Towers. The top overall searched areas for villa\/townhouse sales in July were Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, DAMAC Hills (Akoya by DAMAC), Mohamed bin Rashid City and Dubai Land.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>July 2022 recorded 7,092 total sales transactions worth AED 21 billion. July 2022 recorded 42,698 rental leases: 56.04% were new leases, and 43.96% were renewals.&nbsp; Dubai, UAE, 11 August 2022: According to Property Finder, the MENA\u2019s leading PropTech company, July 2022 recorded 7,092 total sales transactions volume worth AED 21 billion, which is considered the [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":0,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-35811","post","type-post","status-publish","format-standard","hentry","category-economy","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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