Dubai Residential Real Estate Market Snapshot - June 2023

Key Takeaways

1. A total of 10,934 transactions were registered in Dubai’s residential market in May 2023, highlighting a growth of 76.6% compared to the previous year.
   
   
2. The total volume of transactions in the year to date to May 2023 reached 47,850, the highest level on record over this period.
   
   
3. Average residential prices in Dubai grew by 15.9% in the year through May 2023, with average apartment prices increasing by 15.9% and average villa prices by 16.0% over the same period.
   
   
4. Average rents in Dubai grew by 24.2% in the year to May 2023. Over this period, average apartment rents rose by 24.1% and average villa rents by 24.8%.