Weekly Report | Dubai Real Estate Market – Residential | Week 25 – June 2023

Dubai’s residential market traction remained restricted consecutively for the second week. Although there has been a marginal decline of only 23 transactions, in the total transaction volume, a significant hike is witnessed in the demand for villas.

During the week, a total of 365 villas were sold worth AED 1.38 billion during the period of the last seven days out of total transaction volume of 1902 units worth AED 4.32 billion. Value-wise, the total residential value was reduced by 7% over the previous week. The total value of transactions this week was AED 4.32 billion, compared to AED 4.66 billion the previous week.