{"id":1743,"date":"2023-11-12T13:17:00","date_gmt":"2023-11-12T12:17:00","guid":{"rendered":"https:\/\/dubairealestate.net\/?p=1743"},"modified":"2026-07-02T11:38:55","modified_gmt":"2026-07-02T09:38:55","slug":"october-2023","status":"publish","type":"post","link":"https:\/\/dubairealestate.net\/en\/chiffres-immobiliers\/octobre-2023\/","title":{"rendered":"Dubai property figures: October 2023"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The property market in Dubai continues to surprise with its inclusive and diverse trends. In October 2023, the figures show significant momentum, both in terms of sales and values. This article highlights the key trends observed this month in the residential and commercial property sectors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key figures on property transactions<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Property transactions saw a remarkable surge in October 2023. The total number of transactions recorded varies considerably across the different types of property.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Total sales transactions<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Total sales amounted to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>7,117 transactions<\/strong>\u00a0(+18.11 TP3T compared with October 2022)<\/li>\n\n\n\n<li><strong>4,897 additional transactions<\/strong>\u00a0(+32.31 TP3T compared with the previous year)<\/li>\n\n\n\n<li>One-off reductions with\u00a0<strong>2,220 transactions<\/strong>\u00a0showing a decline (-55.2% compared with 2022)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Total sales value<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The value of property sales has risen dramatically to reach&nbsp;<strong>AED 18.8 billion<\/strong>&nbsp;(+68.81 TP3T compared with October 2022).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market segmentation by property type<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The property market in Dubai can be divided into several segments based on property type:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Flats<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Purchase of&nbsp;<strong>4,684 units<\/strong>, generating a total sales value of&nbsp;<strong>AED 8.7 billion<\/strong>&nbsp;(-27.61 TP3T compared with October).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Villas<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1,489 villas sold<\/strong>&nbsp;reaching a value of&nbsp;<strong>AED 10.3 billion<\/strong>&nbsp;(-12.51 TP3T compared with October).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Commercial properties<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">327 commercial units sold, with a total value of&nbsp;<strong>AED 585.9 million<\/strong>&nbsp;(+58.71 TP3T compared with the same month of the previous year).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Land<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>617 plots of land<\/strong>&nbsp;sold for a total of&nbsp;<strong>AED 9.8 billion<\/strong>&nbsp;(+99.71 TP3T compared with October).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Trends in rental rates<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">October 2023 also saw a rising trend in average rental prices in Dubai:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Flats<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Average rental price:&nbsp;<strong>AED 70,000<\/strong>&nbsp;(+16,7%).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Villas<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Average rental price:&nbsp;<strong>AED 165,000<\/strong>&nbsp;(+22%).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key areas for property growth<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Certain areas in Dubai recorded a high number of transactions and significant values during October.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Business Bay<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Number of transactions:&nbsp;<strong>508<\/strong><br>Transaction value:&nbsp;<strong>AED 797 million<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Dubai Marina<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Number of transactions:&nbsp;<strong>419<\/strong><br>Transaction value:&nbsp;<strong>AED 1 billion<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">MBR City (Mohammed Bin Rashid City)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Number of transactions:&nbsp;<strong>403<\/strong><br>Transaction value:&nbsp;<strong>AED 473 million<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Downtown Dubai<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Number of transactions:\u00a0<strong>345<\/strong><br>Transaction value:\u00a0<strong>AED 1 billion<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In conclusion, the Dubai property market presents a complex yet thriving mosaic of positive trends, with notable increases in certain categories despite a few sporadic declines. Diversification across different property types and regions continues to offer unique opportunities to investors and tenants.<\/p>","protected":false},"excerpt":{"rendered":"<p>L&rsquo;immobilier \u00e0 Duba\u00ef continue de surprendre avec des tendances inclusives et diverses. En octobre 2023, les chiffres montrent une dynamique significative, tant en termes de ventes que de valeurs. Cet article met en lumi\u00e8re les principales tendances observ\u00e9es ce mois-ci dans le secteur du logement et des biens commerciaux. Chiffres cl\u00e9s des transactions immobili\u00e8res Les [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":1744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":["post-1743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chiffres-immobiliers"],"_links":{"self":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/1743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/comments?post=1743"}],"version-history":[{"count":1,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/1743\/revisions"}],"predecessor-version":[{"id":1745,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/1743\/revisions\/1745"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/media\/1744"}],"wp:attachment":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/media?parent=1743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/categories?post=1743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/tags?post=1743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}