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Dubai Residential Real Estate Market Snapshot December 2023
Dubai’s residential transactions reach new record highs in November 2023
December 12, 2023 6 Minute Read
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Key Takeaways:
- In November 2023, the total number of residential transactions in Dubai stood at 9,034, down 13.2% compared to the previous year.
- In the year to date to November 2023, the total volume of transactions reached 112,356, this is the highest level on record to date.
- In the year to November 2023, average prices grew by 18.9%, down from 19.1% a month earlier. Over this period, average apartment prices increased by 18.3% and average villa prices by 22.2%.
- In the year to November 2023, average residential rents in Dubai grew by 19.2%, down from 19.7% a month earlier. Over the same period, average apartment and villa rents increased by 19.6% and 16.6%, respectively.
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