Weekly Report | Dubai Real Estate Market – Residential | Week 29 – July 2023

Total residential property transactions during this week (17th – 23rd July) stood at 1,552 units, witnessing a fall of nearly 8% from the previous week. The total transaction volume recorded in the last week was 1,682. In terms of value, the overall residential value was reduced by 5% over the previous week.

Reduction in value was recorded in Off-Plan transactions whereas there has been a considerable rise of 21% in the value of ready property transactions. Overall, AED 3.72 billions worth of transactions were recorded this week against AED 3.92 billions in the last week.