Dubai real estate: June 2023

In June 2023, the real estate sector climbed the ladder at breakneck speed, marking another month of breathtaking progress.

While the real estate market is in decline in most parts of the world, Dubai stands out as a shining beacon in the midst of a stormy sea, standing out not only as an exception, but also with a growth rate that commands admiration.

Dubai real estate in June 2023: the figures

Buying real estate in Dubai :

  • The number of real estate transactions rose by 18.5%, with a total of 10,457 sales.
  • The value of sales rose by 34.6% to 30.4 billion dirhams (around 6.75 billion euros).

Apartment sale :

  • Apartment sales were up a significant 39.9% on June 2022.
  • A sale value of 17.4 billion dirhams or 4.35 billion euros.
  • 8,207 apartment sales.
  • Apartment prices in Dubai have risen by 8.3% compared with June 2022.

Sale of villa / house :

  • The number of villa sales fell by 63.3%.
  • Villa prices have risen by 23.3% compared with June 2022;
  • 803 Villa sales.

Sale of land :

  • Land sales increased by 143%.
  • 1,179 sales in June 2023
  • For total sales of 10.1 billion dirhams (2.52 billion euros).

Sale of commercial premises :

  • Sales of commercial premises fell by 6.9%.
  • 473 million dirhams in sales (118 million euros)

The neighborhoods with the most sales in June 2023 are :

  • Dubai Marina: 1,016 sales for MAD 3,932 billion in sales volume
  • Jumeirah Circle Village (JVC): 881 sales for MAD 729 million in sales volume
  • Jumeirah Lake Towers: 636 sales for MAD 914 million in sales volume
  • Mohammed bin Rashid city: 585 sales for MAD 694 million in sales volume
  • Dubai Hills Estate: 494 sales for MAD 939 billion in sales volume

Most expensive apartments sold in June 2023

  • Bulgari Dubai Lighthouse, Island 2: 112 million AED
  • Six Senses Residences The Palm, Palm Jumeirah: AED 100 million
  • Bluewaters Residences 7, Dubai Marina: AED 80 million
  • Jumeirah Living Marsa Al Arab, Marsa Al Arab: AED 77 million
  • Como Residences, Palm Jumeirah: AED 66 million

Conclusion on real estate figures in June 2023 in Dubai:

The real estate market is booming, and that’s saying something. In a challenging global climate, Dubai stands as an oasis of prosperity.

The emirate is a magnet for capital and investors from all over the world. Whether they come from America, Asia, Europe or elsewhere, they are invariably seduced by Dubai’s immeasurable attractions and the prospects for substantial population growth in the years ahead.

You can also invest more than once in Dubai. This allows you to reduce the costs and monthly installments of the payment plan.

If you want to invest in real estate in 2023, contact our real estate agency in Dubai. Our advisors will guide you step by step through your real estate investment project.