Analysis of the real estate market in Dubai for July 2023

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Number of transactions per month

During the month, 11129 transactions were made for a total amount of 37.7 billion AED, of which:

Apartments – 7789 transactions (up 61.3% ⬆️ than in July 2022);

Will – 2106 trades (at 29.1% ⬆️)

Real estate prices have increased compared to July 2022:

- on ⬇️4% up to 1.2 million AED - apartments

- for ⬆️30.9% up to AED 2.6 million - villas

Jumeirah Village Circle - 869

Dubai Marina – 561 deals

Business Bay - 498 transactions

Mohammed bin Rashid City - 493 Dubai Creek Harbor - 484

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).