{"id":1749,"date":"2023-09-10T13:43:00","date_gmt":"2023-09-10T11:43:00","guid":{"rendered":"https:\/\/dubairealestate.net\/?p=1749"},"modified":"2026-07-02T11:38:58","modified_gmt":"2026-07-02T09:38:58","slug":"august-2023","status":"publish","type":"post","link":"https:\/\/dubairealestate.net\/en\/chiffres-immobiliers\/aout-2023\/","title":{"rendered":"Dubai property figures: August 2023"},"content":{"rendered":"

August 2023 was marked by a sustained activity<\/strong> and a impressive growth<\/strong> in the property sector in Dubai. This article analyses the key trends<\/strong> and key figures for the property market, including sales, transaction values and average rents, providing a comprehensive overview of recent performance.<\/p>\n\n\n\n

Key figures on property transactions<\/h2>\n\n\n\n

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

The number of property transactions recorded in August 2023 stands at 12,035<\/strong>, marking a significant increase compared with the previous year. Compared with August 2022:<\/p>\n\n\n\n

    \n
  • 23.7%<\/strong>\u00a0an increase to a total of 12,035 sales.<\/li>\n\n\n\n
  • 36% increase with\u00a07,348 sales<\/strong>.<\/li>\n\n\n\n
  • 8.3% rise in the\u00a04,687 items left<\/strong>.<\/li>\n<\/ul>\n\n\n\n

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

    The total value of transactions for the month of August amounted to AED33.7 billion<\/strong>, representing an increase of 38.8%<\/strong> compared with the previous year.<\/p>\n\n\n\n

    Details of the property segments<\/h2>\n\n\n\n

    Flats<\/h3>\n\n\n\n

    Flat sales generated a total of AED18.1 billion<\/strong>, which represents an increase of 43.2%<\/strong> compared with August 2022.<\/p>\n\n\n\n

    Villas<\/h3>\n\n\n\n

    Sales of villas also rose, reaching AED8.6 billion, with an increase of 11.7%<\/strong> compared with last year.<\/p>\n\n\n\n

    Commercial properties<\/h3>\n\n\n\n

    The commercial property sector recorded sales worth AED487 million<\/strong>, marking an increase of 15.7%<\/strong>.<\/p>\n\n\n\n

    Plots of land<\/h3>\n\n\n\n

    Land sales showed a spectacular growth<\/strong>, totalling AED6.5 billion<\/strong>, representing an increase of 105.1%<\/strong> compared with August 2022.<\/p>\n\n\n\n

    Average rents on the rise<\/h2>\n\n\n\n

    Flat rents<\/h3>\n\n\n\n

    The average rent for flats in Dubai has risen by 22.9%<\/strong>, reaching AED69,300<\/strong>.<\/p>\n\n\n\n

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

    For villas, the average rent is now AED 174,000<\/strong>, marking an increase of 28.9%<\/strong> compared with last year.<\/p>\n\n\n\n

    Rents for commercial properties<\/h3>\n\n\n\n

    Commercial properties saw the most significant increase, with the average rent rising to AED87,500<\/strong>, which represents an increase of 69.9%<\/strong>.<\/p>\n\n\n\n

    Working-class neighbourhoods for property sales<\/h2>\n\n\n\n

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

    With 1,140 transactions<\/strong> and sales figures totalling AED2.074 million<\/strong>, Business Bay remains one of Dubai\u2019s most sought-after neighbourhoods.<\/p>\n\n\n\n

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

    This neighbourhood has recorded 950 transactions<\/strong> worth AED832 million<\/strong>, indicating its growing popularity.<\/p>\n\n\n\n

    Al Merkadh<\/h3>\n\n\n\n

    With 900 sales<\/strong> and a total of AED1.631 million<\/strong> In terms of transaction values, Al Merkadh continues to attract buyers.<\/p>\n\n\n\n

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

    Known for its spectacular views and luxurious lifestyle, Dubai Marina has achieved 863 sales<\/strong> amounting to an impressive AED3.855 million<\/strong>.<\/p>\n\n\n\n

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

    Finally, Al Barsha South Third recorded 642 transactions<\/strong> with a cumulative value of AED 548 million<\/strong>.<\/p>\n\n\n\n

    In conclusion, the property market in Dubai continues to show signs of renewed vigour<\/strong> and resilience<\/strong>. The significant increases across almost all segments and neighbourhoods underscore Dubai\u2019s enduring appeal as a prime destination for property investment.<\/p>","protected":false},"excerpt":{"rendered":"

    Le mois d’ao\u00fbt 2023 a \u00e9t\u00e9 marqu\u00e9 par une activit\u00e9 soutenue et une croissance impressionnante dans le secteur immobilier \u00e0 Duba\u00ef. Cet article analyse les principales tendances et chiffres cl\u00e9s du march\u00e9 immobilier, y compris les ventes, la valeur des transactions et les loyers moyens, offrant un aper\u00e7u complet des performances r\u00e9centes. Les chiffres cl\u00e9s des transactions immobili\u00e8res Nombre total de […]<\/p>\n","protected":false},"author":8,"featured_media":1750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":["post-1749","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\/1749","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=1749"}],"version-history":[{"count":1,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/1749\/revisions"}],"predecessor-version":[{"id":1751,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/1749\/revisions\/1751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/media\/1750"}],"wp:attachment":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/media?parent=1749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/categories?post=1749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/tags?post=1749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}