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Dubai Residential Real Estate Market Snapshot July 2023
July 11, 2023 5 Minute Read
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Key Takeaways:
- In June 2023, the volume of transactions in Dubai’s residential market totalled 9,876, marking an 18.8% increase from the year prior.
- In the year to date to June 2023, a total of 57,737 residential transactions were recorded. This is the highest figure registered over the year’s first two quarters.
- In the year through June 2023, Dubai’s average prices increased by 16.9%, where average apartment prices grew by 17.2% and average villa prices by 15.1%.
- Average residential rents increased by 22.8% in the year to June 2023, down from the 24.2% increase recorded a month earlier. Over this period, average apartment and villa asking rents grew by 22.7% and 23.1%, respectively.
