Dubai Real Estate Market Insight – Residential | Week 50 – December 2023

Dubai’s real estate market witnessed a marginal surge in the 50th week, recording 3% increase in residential transactions as compaired to previous weeks, totaling 1,223. This surge had a substantial impact on the overall transaction value, increasing by 42% to AED 3.28 billion. Noteworthy trends were observed in apartment prices, reaching a median of 1,199 AED per square foot, reflecting market dynamics. The average size of apartments involved in these transactions was 1,195 square feet, shedding light on buyer preferences. The week showcased robust market activity, signaling positive momentum and resilience in Dubai’s real estate sector.

Download the Full report…