Dubai Real estate market in August hit another record, sending transactions through the roof — more than 12,000! And a significant 64% of these transactions were off-plan. Let’s see the outstanding numbers!
1. Total Property Sale Transactions
ALL (off-plan and ready): 12,035
Up 23.7% vs. August-2022
OFF-PLAN: 7,348
Up 36% vs. August-2022
OFF-PLAN Apartments: 5,932
Up 58.2% vs. August-2022
2. Total Sales Value
ALL (off-plan and ready): 33.7B
Up 38.8% vs. August-2022
OFF-PLAN: AED 18.8B
Up 54.5% vs. August-2022
OFF-PLAN Apartments: AED 13.7B
3. Top 5 Areas in Demand for Off-Plan & Ready Property:
Business Bay
JVC
MBR City
Dubai Marina
Al Barsha South Third
4. Average Rental Property Prices
Apartments: AED 57K
Up 16.3% vs. August, 2022
Villas: AED 170K
Up 25.9% vs. August, 2022
Commercial: AED 105K
Up 23.5% vs. August, 2022
*All data is provided by dxbinteract.com