The Dubai real estate market maintains its steady growth in November—let’s explore the numbers!
1. Total Property Sale Transactions
ALL (off-plan and ready): 10,065
-4.9% vs. November-2022
READY: 5,799
Up 22% vs. November-2022
OFF-PLAN: 4,266
-26.8% vs. November-2022
OFF-PLAN Apartments: 3,114
-29.6% vs. November-2022
2. Total Sales Value
ALL (off-plan and ready): AED 37B
Up 25.3% vs. November-2022
READY: 20.9B
Up 52.6% vs. November-2022
OFF-PLAN: AED 16.1B
Up 1.6% vs. November-2022
OFF-PLAN Apartments: AED 6.6B
3. Top 5 Areas in Demand for Off-Plan & Ready Property:
Business Bay
JVC
Dubai Marina
Al Merkadh
Downtown Dubai
4. Average Rental Property Prices
Apartments: AED 70K
Up 20.7% vs. November, 2022
Villas: AED 176.7K
Up 30.9% vs. November, 2022
Commercial: AED 50K
Up 25% vs. November, 2022
*All data is provided by dxbinteract.com