Weekly Report | Dubai Real Estate Market – Residential | Week 39 – October 2023

During the past week, there were a total of 1,406 residential transactions, marking a 19% increase from the prior week. In terms of value, these transactions amounted to AED 2.83 billion, reflecting a substantial 31% surge compared to the previous week.

Focusing on apartment transactions, the median rate for these deals stood at AED 1,164 per square foot, while the median size of these apartments was 1,256 square feet. This data highlights a robust and positive trend in the residential real estate market, with both transaction volume and value experiencing significant growth.