Overview of Dubai real estate in July 2023
Total property sales transactions
Figures taken from: dxbinteract.com
11 129
Sales
53.6% compared with July 2022
6 281
Sales
77.1% compared with July 2022
4 848
Sales
35.7% compared with July 2022
Total sales value
AED 15.1 billion
+ 18.5% compared with July 2022
3 231
Apartments
AED 5.2 billion
Sales value
43.2% compared with July 2022
878
Villas
AED 3.8 billion
Sales value
31.2% compared with July 2022
253
Commercial premises
461 million AED
Sales value
23.6% compared with July 2022
486
Land
AED 5.6 billion
Sales value
53.8% compared with July 2022
Average rental rates
Apartments
Average apartment rental price
66,000 AED
43.2% compared with July 2022
Villas
Average price of a villa rental
162,000 AED
24.6% compared with July 2022
Commercial premises
Average apartment rental price
50,000 AED
29.9% compared with July 2022
Neighborhoods with the most sales
Jumeirah Village Circle
Number of sales: 904 transactions
Sales value: AED 755 million
Al Merkadh
Number of sales: 883 transactions
Sales value: AED 1,448 million
Dubai Marina
Number of sales: 616 transactions
Sales value: AED 2,195 million
Business Bay
Number of sales: 587 transactions
Sales value: AED 1,035 million
Jumeirah Lake Towers
Number of sales: 544 transactions
Sales value: AED 812 million
Conclusion on real estate figures in July 2023 in Dubai:
Dubai’s real estate transaction data for July 2023 is a clear indication of the market’s strength and growth potential. These figures inspire confidence not only among investors and developers, but also among residents.
With such momentum, Dubai’s real estate professionals are well positioned to take full advantage of these upward trends and set a course for continued prosperity.
