Weekly Report | Dubai Real Estate Market – Residential | Week 20 – May 2023

Residential demand remained resilient in the third week of May 2023 with apartments contributing heavily to the transaction volumes across key markets, as has been the case over the past few quarters. Overall Volume rose by 7% during the week, with the total number of transactions standing at 1,554 as against 1,448 transactions in the previous week.

In terms of value, the overall residential value also bounces back from last week, registering a growth of 13% WoW. Overall AED 3.88 billion worth of transactions were recorded this week as compared to AED 3.43 billion in the previous week.