Weekly Report | Dubai Real Estate Market – Residential | Week 33 – August 2023

Throughout the past week, Dubai witnessed a notable surge in its transaction activity, with a total of 2,224 transactions occurring. This figure represents a significant 47% increase compared to the previous week’s transaction count. The cumulative value of transactions over this week reached AED 4.94 billion, reflecting a remarkable rise of 37% in terms of transaction value.

This week’s data points to particularly promising trends in off-plan transactions, which experienced a substantial upswing. Notably, there was a remarkable 53% surge in the number of off-plan transactions, underscoring the growing interest in this sector. Moreover, the value of off-plan transactions also saw a substantial 36% increase, further emphasizing the positive momentum in this domain.

Overall, these metrics collectively portray a dynamic and progressive week for Dubai’s real estate sector, marked by significant growth in both the overall transaction volume and the specific realm of off-plan transactions