UAE property prices will continue to rise in 2022, owing to supporting economic changes and an accelerated vaccination program that has aided in the recovery from the coronavirus-induced slowdown last year. The UAE property market has recovered following a three-year oil price fall that began in 2014 due to oversupply worries and the resulting crisis, as residents move to larger homes with outdoor amenities, as well as a rise in remote working and online learning.

Government programs aimed at boosting the economy

Furthermore, the market mood has improved as a result of economic assistance measures and government efforts, such as residency permits for retirees and remote workers, as well as the expansion of the 10-year golden visa program. The property market will continue to recover next year as the government takes appropriate efforts to combat the epidemic.
Due to its attempts to limit the pandemic, healthcare system, and Covid-19 testing standards, UAE has succeeded in presenting itself as a safe global country.
The UAE, the second-largest economy in the Arab world, has been reporting fewer coronavirus infections each day as the government ramps up vaccination programs to protect its citizens. According to the National Emergency Crisis and Disaster Management Authority, it has also given two doses of the coronavirus vaccine to more than 90% of its population.

Lucrative incentives to attract buyers by Developers
Apart from government incentives, various developers' incentives are also luring investors to the UAE. Top developers such as Damac and Emaar have presented appealing packages to sell their projects, including waivers of Dubai Land Department registration fees and flexible payment options. We predict developers to continue to explore incentives to entice buyers in 2022, as both new unit completions and off-plan sales launches climb.
Developers in Dubai and Abu Dhabi have reported an increase in transactions in the second half of 2021/22, indicating that off-plan properties will account for a larger share of total sales next year. While broad-based demand to continue in 2022, prime water-front locations will likely pique the interest of both end-user purchases and tenants, owing to ongoing work-from-home practices and [the] uptake of the UAE's remote-working visa.
 
Impact of EXPO 2020
Expo 2020 Dubai, which opened on October 1 and will run until March 20, 2022, is also increasing demand. The world's trade fair will help to move the property market forward, with Expo visitors having the potential to become long-term residents and property investors. In the three months leading up to December 15, Expo 2020 had more than 6.3 million visitors.

UAE's property market to witness strong bounce back
Dubai recorded 7,000 property sales deals worth Dh17.96 billion last month, making it the greatest November in terms of total sales in eight years. According to the Department of Municipalities and Transport, property sales in Abu Dhabi totaled Dh16.2 billion in the third quarter of 2021.3,932 property transactions were conducted in the emirate, with Dh11.6 billion in mortgages and Dh4.6 billion in cash sales. The DMT said that in the third quarter of this year, 2,224 mortgage transactions and 1,708 sales transactions were completed. According to an Asteco analysis, villa prices in Abu Dhabi increased by 14% yearly in the third quarter of this year, while apartment prices increased by 1%.

Digital Nomads are attracting a new wave of ex-pats.
The UAE's prominence and attraction to "digital nomads" is another element driving demand for residential property. "The ability to work remotely while remaining in Dubai is a significant draw for many." They see the tax advantages and lifestyle options and want to call this city home."

Emerging Trends in UAE’s Real Estate
According to Bloomberg, the UAE's real estate market will expand during the next two years. According to Reuters, the rate of increase in home prices will reach 3% by the end of the year. The next year's growth rate is predicted to be 2.5 percent. According to the research firm, more than 53,000 new dwellings would be developed in the emirate between 2022 and 2023. A large number of properties are now being built and will be operational in the near future. Despite the tough conditions caused by the coronavirus, the emirate is constructing new properties, and this trend is expected to continue in 2022-2023.