Dubai set to record busiest year for residential sector

by rayan on August 15, 2023

Dubai Real Estate Health Check ✅

Dubai’s real estate market is experiencing a 44% surge in 2023, with a record half-yearly transaction of 57,700 units of apartments and villas.

H1 2023 witnessed 46,100 apartment and 11,600 villa sales, marking a 209% increase compared to the five-year average.

The sector achieved a historic semi-annual sales total of 60,440 transactions worth Dh177.3 billion in H1 2023, indicating market resilience.

Despite traditional slowdowns during summer months, Dubai’s property market remains robust among residents and international investors, reflecting stability amid uncertainty.

Off-plan transactions are strong at nearly 53% of units sold, with new project launches reaching 27,900 units in H1 2023.

Reference: https://lnkd.in/dK6KdH7r