Weekly Report | Dubai Real Estate Market – Residential | Week 18 – April 2023

During the first week of May 2023, Weekly transaction volume continues with its rising trend, registering a growth of 4% over the previous week. The total number of transactions recorded this week (1 – 7th May 2023) was 1,563 as against 1,503 sales transactions in the previous week.

However, in terms of value, the growth was arrested after witnessing significant growth in the preceding week, and a decline of 8% was recorded in the last week. Overall AED 3.23 billion worth of transactions were recorded this week as compared to AED 3.53 billion in the last week Maximum growth was recorded in apartment sales transactions in both ready and Off-plan categories.