Dubai Real Estate Market – H1 2023 Results

Results of Dubai Real Estate Market in H1 2023

According to Dubai Land Department (DLD), from January to June 2023, 61,011 property sales transactions worth $49 billion were registered in Dubai:

• Existing Properties – 30,393 sales transactions of $29.6 billion
• Off-plan Properties – 30,618 sales transactions of $19.2 billion

Compared to H1 2022, the total sales transactions increased by 42% in volume and by 58% in value:

• The number of ready transactions increased by 19.8%, the value – by 36,6%
• The number of off-plan transactions increased by 74.1%, the value – by 104.6%

TOP Sales Areas:

Apartments:

1. Jumeirah Village Circle
2. Dubai Creek Harbour
3. Business Bay
4. Dubai Marina

Villas and Townhouses:

1. Wadi Al Safa 5
2. Al Yelayiss 2
3. Al Yufrah 1
4. The Field