{"id":1746,"date":"2023-10-16T13:23:00","date_gmt":"2023-10-16T11:23:00","guid":{"rendered":"https:\/\/dubairealestate.net\/?p=1746"},"modified":"2026-07-02T11:38:56","modified_gmt":"2026-07-02T09:38:56","slug":"september-2023","status":"publish","type":"post","link":"https:\/\/dubairealestate.net\/en\/chiffres-immobiliers\/septembre-2023\/","title":{"rendered":"Dubai property figures: September 2023"},"content":{"rendered":"

Dubai continues to capture the attention of investors with a dynamic and ever-changing property market. In September 2023, the\u00a0property transactions<\/strong>\u00a0in Dubai have shown a high level of activity, both in terms of\u00a0sales volume<\/strong>\u00a0than\u00a0total value of transactions<\/strong>. This article examines the key figures for the property market in Dubai to provide a clear and concise overview of current trends.<\/p>\n\n\n\n

The volume of property transactions<\/h2>\n\n\n\n

Total number of sales<\/h3>\n\n\n\n

In September 2023, the total number of property transactions in Dubai stood at\u00a08 235<\/strong>. This figure reflects a\u00a0significant increase<\/strong>\u00a04.8 % compared with September 2022, when the figure stood at\u00a07 855<\/strong>\u00a0transactions, marking a 35.5 % decline compared with the figures for the same period the previous year.<\/p>\n\n\n\n

The value of property transactions<\/h2>\n\n\n\n

Total sales value<\/h3>\n\n\n\n

The total value of property sales in September 2023 reached\u00a0AED26.1 billion<\/strong>, representing an increase of\u00a07,5 %<\/strong>\u00a0compared with September 2022. The breakdown of sales by property type is as follows:<\/p>\n\n\n\n

    \n
  • Flats<\/strong>\u00a0:\u00a05,364 units sold<\/strong>, with a\u00a0total sales value of AED9.3 billion<\/strong>, representing a fall of 15.8 1Q3Q compared with September.<\/li>\n\n\n\n
  • Villas<\/strong>\u00a0:\u00a01,795 villas sold<\/strong>, totalling\u00a0AED8 billion<\/strong>, representing an increase of 3.3 % compared with September.<\/li>\n\n\n\n
  • Retail spaces<\/strong>\u00a0:\u00a0317 retail units sold<\/strong>, with a sale price of\u00a0AED 523.4 million<\/strong>, up by 31 % compared with September.<\/li>\n\n\n\n
  • Plots of land<\/strong>\u00a0:\u00a0759 plots sold<\/strong>, with a\u00a0a total value of AED8.3 billion<\/strong>, showing a\u00a0an impressive increase of 152.2 from Q1 to Q3<\/strong>\u00a0compared with September.<\/li>\n<\/ul>\n\n\n\n

    Average rental rates<\/h2>\n\n\n\n

    Apartment rental prices<\/h3>\n\n\n\n

    For flats, the\u00a0average rental price<\/strong>\u00a0in September 2023 was\u00a0AED70,000<\/strong>, recording a\u00a0an increase of 20.7% Q3<\/strong>\u00a0year-on-year. This\u00a0increase<\/strong>\u00a0bears witness to the\u00a0growing demand for housing<\/strong>\u00a0in the town.<\/p>\n\n\n\n

    Villa rental prices<\/h3>\n\n\n\n

    The average rental price for villas has reached AED 180,000<\/strong>, that is to say, a 30.4 per cent increase in Q1\u2013Q3<\/strong>. This segment remains attractive to families and tenants looking for more space.<\/p>\n\n\n\n

    Rental rates for commercial premises<\/h3>\n\n\n\n

    As for retail premises, the average rent has soared to AED 55,000<\/strong>, that is to say, a growth of 37.5 1Q3Q<\/strong>, indicating a rise in demand in the commercial sector.<\/p>\n\n\n\n

    The neighbourhoods with the highest sales volumes<\/h2>\n\n\n\n

    Jumeirah Village Circle<\/h3>\n\n\n\n

    Jumeirah Village Circle (JVC)<\/strong> has maintained a high level of activity with 683 transactions completed<\/strong>, for a a total value of AED602 million<\/strong>. This neighbourhood continues to be popular thanks to its accessibility and family-friendly atmosphere.<\/p>\n\n\n\n

    Business Bay<\/h3>\n\n\n\n

    Business Bay<\/strong> follows closely with 544 transactions<\/strong> and an impressive selling price of AED1.228 billion<\/strong>. This business centre is particularly attractive to investors because of its numerous commercial opportunities.<\/p>\n\n\n\n

    Al Barsha South Third<\/h3>\n\n\n\n

    With 431 completed transactions<\/strong> and a selling price of AED 360 million<\/strong>, Al Barsha South Third<\/strong> remains an attractive option for buyers thanks to its well-developed infrastructure.<\/p>\n\n\n\n

    Dubai Marina<\/h3>\n\n\n\n

    Dubai Marina<\/strong> poster 427 transactions completed<\/strong> and a sale price of up to AED1.232 billion<\/strong>, making this a highly sought-after location amongst expats and high-net-worth residents.<\/p>\n\n\n\n

    MBR City<\/h3>\n\n\n\n

    Finally, Mohammed Bin Rashid (MBR) City<\/strong> brings our list to a close with 412 transactions<\/strong> for a a total value of AED601 million<\/strong>, proving once again that it is a key player in Dubai\u2019s property market.<\/p>\n\n\n\n

    The Dubai property market in September 2023 is showing remarkable strength, with\u00a0significant increases<\/strong>\u00a0both in terms of transaction volumes and overall value. Whilst certain segments, such as villas and commercial premises, continue to thrive, land is proving to be the real standout, with a\u00a0striking increase<\/strong>\u00a0of their\u00a0selling price<\/strong>. The\u00a0investors<\/strong>\u00a0and the\u00a0prospective buyers<\/strong>\u00a0will find a diverse range of opportunities in different neighbourhoods, each offering its own advantages and prospects for future growth.<\/p>\n\n\n\n

    In conclusion, Dubai continues to consolidate its position as a leading destination<\/strong> for the property investments<\/strong>, attracting local and international investors seeking solid returns and prospects for sustainable development. With a diverse range of opportunities and positive trends, the Dubai property market<\/strong> is sure to surprise and attract even more attention in the coming months.<\/p>","protected":false},"excerpt":{"rendered":"

    Duba\u00ef continue de captiver l’attention des investisseurs avec un march\u00e9 immobilier dynamique et en constante \u00e9volution. En septembre 2023, les\u00a0transactions immobili\u00e8res\u00a0\u00e0 Duba\u00ef ont d\u00e9montr\u00e9 une forte activit\u00e9, tant en termes de\u00a0volume de ventes\u00a0que de\u00a0valeur totale des transactions. Cet article examine les chiffres cl\u00e9s du march\u00e9 immobilier \u00e0 Duba\u00ef pour offrir une vision claire et concise […]<\/p>\n","protected":false},"author":8,"featured_media":1747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":["post-1746","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\/1746","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=1746"}],"version-history":[{"count":1,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/1746\/revisions"}],"predecessor-version":[{"id":1748,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/1746\/revisions\/1748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/media\/1747"}],"wp:attachment":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/media?parent=1746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/categories?post=1746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/tags?post=1746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}