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

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 Harbour ($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).