Analysis of the real estate market in Dubai for August 2023

Home » Analysis of the real estate market in Dubai for August 2023

Number of transactions per month

During the month, 12,035 transactions were completed for a total amount of 37.7 billion AED, of which:

Apartments - 8983 transactions (33.2% ⬆️ than in August 2022);

Villas – 2142 transactions (at 11.7% ⬇️)

Real estate prices have increased compared to August 2022:

- at ⬇️16.7% up to 1.3 million AED - apartments

— at ⬆️46.3% up to 3 million AED – villas

Business Bay – 1040 transactions

Jumeirah Village Circle – 922

Mbr City – 868

Dubai Marina – 843 transactions

Al Barshaa South Third – 649

Based on the presented graphs, we see a constant increase ⬆️ in the number of sales and property values since 2018 (above the average 10-year value).