Weekly Report | Dubai Real Estate Market – Residential | Week 22 – June 2023

Dubai’s residential real estate market had a very solid start to the month of June, building on the momentum from the last few weeks. High activity levels were reported in the week gone by across all categories. The total volume of transactions in Dubai’s residential market hit the highest weekly figure since the beginning of 2023, a total of 2,053 residential transactions were recorded, registering an increase of 26% from the previous week.

In terms of Value, the overall residential value recorded an impressive hike of 51% over the previous week. Overall AED 5.36 billion worth of transactions were recorded this week against AED 3.54 billion in the last week.