Weekly Report | Dubai Real Estate Market – Residential | Week 41 – October 2023

In the 41st week, Dubai recorded 1,194 residential unit transactions, marking a notable 58% rise from the prior week. The total transaction value for the week reached AED 2.16 billion, representing a 19% increase compared to the preceding week.

Within these transactions, the median price for apartments stood at 1,248 AED per square foot, with the median apartment size measuring 1,156 square feet. These figures demonstrate a robust and positive trend in Dubai’s residential real estate market during that particular week.