Weekly Report | Dubai Real Estate Market – Residential | Week 27 – July 2023

The month of July got off to a great start for Dubai’s residential real estate market, continuing the trend from the previous few weeks. However, the previous week’s market remained subdued to the long holidays because of EID.

A total of 1,601 residential transactions were registered during the week, representing an increase of four times from the previous week, marking the highest weekly rise for Dubai’s home market since the year 2023. According to value, the overall residential impressively increased by three folds over the previous week. Transactions worth AED 3.98 billion were reported this week compared to AED 1.26 billion the previous week.

Note: Due to EID, we are on leave, therefore week 26 report may not be published on the website, and also we have very little transaction data to report on.