Weekly Reports 02 – Dubai Real Estate Marke – Residential | January 2023

During the second week, Dubai’s real estate market experienced a notable surge, observing a 136% increase in residential transactions compared to the previous week, reaching a total of 1525. This resulted in a significant 144% upswing in the overall transaction value, totalling AED 4.23 billion.

Particularly noteworthy was the median price of apartments, which reached 1,574 AED per square foot during this timeframe, offering insights into the existing market dynamics. Further analysis of the data revealed that the median size of the apartments involved in these transactions was 961 square feet, providing valuable information about buyer preferences. The real estate activities of the week collectively indicated a positive start for Dubai’s real estate sector.