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Weekly Report | Dubai Real Estate Market – Residential | Week 40 – October 2023

2023-10-09T13:09:15+00:00

In the 40th week, there were a total of 757 transactions in residential units in Dubai. This represents a decrease of 33% compared to the previous week. The total value of transactions for this week amounted to AED 1.81 billion, which is a decline of 20% compared to the previous week's figures.

Weekly Report | Dubai Real Estate Market – Residential | Week 40 – October 20232023-10-09T13:09:15+00:00

Weekly Report 39 | Dubai Real Estate Market – Residential | October 2023

2023-10-04T13:00:42+00:00

During the past week, there were a total of 1,406 residential transactions, marking a 19% increase from the prior week. In terms of value, these transactions amounted to AED 2.83 billion, reflecting a substantial 31% surge compared to the previous week.

Weekly Report 39 | Dubai Real Estate Market – Residential | October 20232023-10-04T13:00:42+00:00

Weekly Report 38 | Dubai Real Estate Market – Residential | September 2023

2023-09-26T06:36:55+00:00

In the 38th week, there were a total of 1,056 transactions in residential units in Dubai. This represents a decrease of 25% compared to the previous week. In terms of the total value of transactions for this week, it amounted to AED 2.37 billion, which is a decline of 16% when compared to the previous week's figures.

Weekly Report 38 | Dubai Real Estate Market – Residential | September 20232023-09-26T06:36:55+00:00

Weekly Report 37 | Dubai Real Estate Market – Residential | September 2023

2023-09-26T05:26:36+00:00

This week in Dubai witnessed an exceptional surge in ready transactions. In contrast to the typical trend, there were notably more transactions in the category of ready sales compared to off-plan sales. Usually, off-plan transactions outnumber ready transactions, but this week was an exception.

Weekly Report 37 | Dubai Real Estate Market – Residential | September 20232023-09-26T05:26:36+00:00

Weekly Report 35 | Dubai Real Estate Market – Residential | August 2023

2023-09-20T12:53:14+00:00

In the 35th week, there were a total of 1,532 transactions in residential units in Dubai. This represents a slight decrease of 3% compared to the previous week.  In terms of the total value of transactions for this week, it amounted to AED 3.11 billion, which is a modest decline of 8% when compared to the previous week's figures.

Weekly Report 35 | Dubai Real Estate Market – Residential | August 20232023-09-20T12:53:14+00:00

Weekly Report 34 | Dubai Real Estate Market – Residential | August 2023

2023-08-29T11:52:45+00:00

During the 34th week, the cumulative count of transactions reached 1,574, signifying a notable 29% contraction when juxtaposed with the previous week's figures. Notably, the week's monetary value stood at AED 3.39 Billion, marking a substantial 31% decline relative to the preceding week.

Weekly Report 34 | Dubai Real Estate Market – Residential | August 20232023-08-29T11:52:45+00:00

Weekly Report 33 | Dubai Real Estate Market – Residential | August 2023

2023-08-22T13:35:39+00:00

During the week Dubai witnessed a notable surge in its transaction activity, with a total of 2,224 transactions occurring. This figure represents a significant 47% increase compared to the previous week's transaction count. The cumulative value of transactions over this week reached AED 4.94 billion, reflecting a remarkable rise of 37% in terms of transaction value.

Weekly Report 33 | Dubai Real Estate Market – Residential | August 20232023-08-22T13:35:39+00:00

Dubai Real Estate Market Report Q2 2023

2023-08-21T12:46:19+00:00

The Central Bank revised its earlier estimate of the non-oil GDP for UAE in 2022 from 6.6% to 7.2%. The Bank now expects non-oil GDP to grow by 4.5% and 4.6% in 2023 and 2024 respectively. As per the review, the oil-GDP of UAE grew by 3.1% year-over-year conforming with the rules agreed by OPEC+. Oil-GDP is expected to grow by 3.5% in 2024 as per the Central Banks projections.

Dubai Real Estate Market Report Q2 20232023-08-21T12:46:19+00:00

Weekly Report 32 – Dubai Real Estate Market – Residential | August 2023

2023-08-16T12:33:53+00:00

During the current week, transactions of residential units in Dubai witnessed a notable decline of 25% compared to the preceding week. Last week, a total of 2002 transactions took place, whereas this week saw 1510 transactions.

Weekly Report 32 – Dubai Real Estate Market – Residential | August 20232023-08-16T12:33:53+00:00