Weekly Report | Dubai Real Estate Market – Residential | Week 16 – April 2023

During the festive week of Ramadan, the real estate market of Dubai tends to slow down and the same trend has been observed in the week gone by. Weekly Residential Transactions (both volume and Value) continued to decline further by 41% and 51% respectively from the previous week to record total transactions of 881 units only.

Total transactions recorded in the previous week were 1,482 units. On other hand, total transactions worth AED 1.60 billion were reported this week compared to AED 3.26 billion in the previous week.