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

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.

Out of all the transactions conducted during the week, the median rate for apartments was found to be 1,233 AED per square foot, and the median size of all the transacted apartments was 1,203 square feet.