Real Estate Market Analysis for the Top Performing Areas in Dubai for August

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In August, the real estate market in Dubai experienced significant growth, primarily driven by buyer interest in properties under construction:

⬆️ Total sales volume increased by 37% to $8.5 billion (AED 31.2 billion).

⬆️ Sales volume at the construction stage doubled (year-on-year) to $4.55 billion (AED 16.7 billion).

⬆️ Average selling prices increased by 20% (year-on-year) to $6,532 per square meter (AED 23,994).

Top Luxury Real Estate Areas in Dubai by Total Transaction Value (⬆️ 37.7% in average prices year-on-year):

Dubai Harbor ($740 million)

The Palm Jumeirah ($680 million)

Downtown Dubai ($212 million)

Jumeirah ($107 million)

Dubai Healthcare City ($95 million).

Top Affordable Real Estate Areas in Dubai by Total Transaction Value (⬆️ 8.5% in average prices year-on-year):

MBR City ($101 million)

Business Bay ($630 million)

Dubai Marina ($290 million)

Arabian Ranches ($270 million)

The Lagoons ($228 million).

Top Budget-Friendly Real Estate Areas in Dubai by Total Transaction Value (⬇️ 4.5% in average prices year-on-year):

Dubai Land ($1.33 billion)

Dubai South ($350 million)

Jumeirah Village Circle ($249 million)

Al Furjan ($194 million)

Jumeirah Golf Estates ($148 million).

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