Week 04 – Dubai Real Estate Market Report – Residential | May 2024

Total transactions during the fourth week of May reached at 3,679 units, 19% higher than the previous week and almost double on monthly basis. The total transaction value also witnessed an upswing of 27% on a weekly basis and were 1.3X higher on a monthly basis, cumulating to AED 8.69 Billion. Although the quantity of transactions was at a higher note, the average median price witnessed a slight downturn of 4% on a weekly basis reaching at AED 1,671/Sft.