Weekly Report | Dubai Real Estate Market – Residential | Week 44 – November 2023

In the 44th week, Dubai’s real estate market saw 1,232 residential transactions. This figure marked an 11% decrease compared to the previous week.

Despite the decline in transaction volume, the total value of these transactions witnessed a 3% rise, reaching a substantial AED 2.99 billion. The median price for apartments during this period was 1,305 AED per square foot, reflecting the pricing trends. Furthermore, the average apartment size across all transactions was 1,116 square feet, indicating the size preference of buyers or renters in the market.