Weekly Report 36 | Dubai Real Estate Market – Residential | September 2023
In the 36th week, Dubai's residential market saw 1,183 transactions, down 23% from the previous week. The total transaction value was AED 2.15 billion, a 31% decline.
Weekly Report 35 | Dubai Real Estate Market – Residential | August 2023
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 34 | Dubai Real Estate Market – Residential | August 2023
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 33 | Dubai Real Estate Market – Residential | August 2023
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.
Dubai Real Estate Market Report Q2 2023
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.
Weekly Report 32 – Dubai Real Estate Market – Residential | August 2023
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 31 – Dubai Real Estate Market – Residential | August 2023
Residential volume across Dubai increased significantly by 40% during this week as compared to last week, which recorded a total of 2,003 transactions over 1,425 transactions in the previous week.
Weekly Report 30 – Dubai Real Estate Market – Residential | July 2023
Total residential property transactions during this week (17th – 23rd July) stood at 1,552 units, witnessing a fall of nearly 8% from the previous week. The total transaction volume recorded in the last week was 1,682. In terms of value, the overall residential value was reduced by 5% over the previous week.
Weekly Report 29 – Dubai Real Estate Market – Residential | July 2023
Total residential property transactions during this week (17th – 23rd July) stood at 1,552 units, witnessing a fall of nearly 8% from the previous week. The total transaction volume recorded in the last week was 1,682. In terms of value, the overall residential value was reduced by 5% over the previous week.
Monthly Report | Dubai Real Estate Market – Residential | July 2023
Residential supply in Dubai continued to grow month on month. Most developers continue to concentrate on the mainstream apartment market due to its lower ticket sizes and higher development returns. Despite the demand for villas continuing to rise, we do not see developers particularly responding to this demand.
Weekly Report 28 | Dubai Real Estate Market – Residential | July 2023
Overall, AED 3.92 billions worth of transactions were recorded this week against AED 3.98 billions in the last week. The transactional value of villa deals was the most affected in the week gone by.
Weekly Report 27 | Dubai Real Estate Market – Residential | July 2023
The month of July got off to a great start for Dubai's residential real estate market, continuing the trend from the previous few weeks. However, the previous week’s market remained subdued to the long holidays because of EID. A total of 1,601 residential transactions were registered during this week.
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