At the end of the year, the Dubai real estate sector continues to undergo steady growth—let’s delve into the data!
1. Total Property Sale Transactions
ALL (off-plan and ready): 11,287
Up 18.7% vs. December-2022
READY: 5,302
Up 34.4% vs. December-2022
OFF-PLAN: 5,985
Up 7.6% vs. December-2022
OFF-PLAN Apartments: 4,967
Up 17.5% vs. December-2022
2. Total Sales Value
ALL (off-plan and ready): AED 41.3B
Up 58.3% vs. December-2022
READY: 23.6B
Up 99.3% vs. December-2022
OFF-PLAN: AED 17.7B
Up 24.1% vs. December-2022
OFF-PLAN Apartments: AED 12.2B
3. Top 5 Areas in Demand for Off-Plan & Ready Property:
Al Barsha South Fourth
Dubai Marina
Business Bay
Dubai Hills Estate
Madinat Dubai Al Melaheyah
4. Average Rental Property Prices
Apartments: AED 68.2K
Up 18.6% vs. December 2022
Villas: AED 165K
Up 23.1% vs. December 2022
Commercial: AED 60K
Up 39.5% vs. December 2022
5. Average Property Price
Off-Plan Apartment: AED 1.5M
Up 6.7% vs. December, 2022
Ready Apartment: AED 1.1M
Up 11.2% vs. December, 2022
*All data is provided by dxbinteract.com