Weekly Report | Dubai Real Estate Market – Residential | Week 21 – May 2023

Residential volume across Dubai increased marginally by 5% during the last week of May 2023 as compared to last week, which recorded a total of 1635 transactions over 1554 transactions in the previous week. In terms of Value, the overall residential value reduced by 9% over the previous week.

Reduction in value was recorded in both Off-Plan and ready transactions by 9% and 8% respectively. Overall AED 3.54 billion worth of transactions were recorded this week against AED 3.88 billion in the last week. Villa transactions (both volume and value) were the most affected in the week gone by.