August 2023 Results

August 2023 Results – Real Estate Market Records

According to the Dubai Land Department data:

– In August 2023, 11,977 property transactions worth $9.22 billion were completed in Dubai.

This is the highest figures for the month of August since 2011, according to the digital portal, Property Finder.

Property deals show 23% volume rose and 40% value decreased compared to August 2022.

• 5,010 transactions worth $4.59 billion – Existing Properties
• 6,967 transactions worth $4.63 billion – Off-plan Properties

Compared to August 2022:

• Existing volume went down by 5%, the value increased by 7%
• Off-plan volume went up by 59%, the value rose by 102%

TOP Projects by Sales Value:

Apartments

1. Bayview
2. Sobha Hartland, Crest Grande
3. Sobha SeaHaven Tower A
4. Canal Heights

Villas

1. The Valley, Rivana
2. South Bay 2
3. Arabian Ranches lll, May
4. Mudon Al Ranim 6

1st Place by Sales Volume:

• Apartments – Kyoto by Oro24
• Villas – The Valley, Rivana