Overview of Dubai real estate in October 2023
Total property sales transactions
Figures taken from: dxbinteract.com
7 117
Sales
- 18.1% compared with October 2022
2 220
Sales
-55.2% compared with October 2022
4 897
Sales
32.3% compared with October 2022
Total sales value
AED 18.8 billion
+ 68.8% compared with October 2022
4 684
Apartments
AED 8.7 billion
Sales value
-27.6% compared with October 2022
1 489
Villas
AED 10.3 billion
Sales value
-12.5% compared with October 2022
327
Commercial premises
AED 585.9 million
Sales value
58.7% compared with October 2022
617
Land
AED 9.8 billion
Sales value
99.7% compared with October 2022
Average rental rates in Dubai in October 2023
Apartments
Average apartment rental price
70 000 AED
16.7% compared with October 2022
Villas
Average price of a villa rental
165,000 AED
22.8% compared with October 2022
Commercial premises
Average rental price
57,000 AED
29.5% compared with October 2022
Neighborhoods with the most sales in October 2023
Jumeirah Village Circle
Number of sales: 581 transactions
Sales value: AED 547 million
Business Bay
Number of sales: 508 transactions
Sales value: AED 797 million
Dubai Marina
Number of sales: 419 transactions
Sales value: AED 1.296 billion
MBR City
Number of sales: 403 transactions
Sales value: AED 473 million
Downtown
Number of sales: 345 transactions
Sales value: AED 1.366 billion
