Dubai, UAE – The Dubai real estate market continued its strong performance in August 2023, with the total value of transactions reaching AED 34 billion, up 40% from the same month last year. The number of transactions also increased by 30%, to 12,000.
Here is a comparison of the Dubai real estate market performance in August 2023 with the same month last year and the previous month:
- Total value of transactions: AED 34 billion (up 40% from August 2022)
- Number of transactions: 12,000 (up 30% from August 2022)
- Average apartment price per square foot: AED 1,400 (up 18% from August 2022)
- Average villa price: AED 170,000 (up 25% from August 2022)
Highest Price Land Sales in August 2023
| Area | Property Type | Amount |
|---|---|---|
| Jabal Ali First | Land | 11.941 million |
| Palm Jumeirah | Land | 12.75 million |
| Mudon | Land | 3 million |
| Jumeirah Village Triangle | Land | 17 million |
Most Selling OFF Plan Apartments in August 2023
| Area | Count | Amount |
|---|---|---|
| Kyoto by Oro24 | 317 | 249 million |
| Canal Heights | 265 | 509 million |
| Fashionz 1 by Danube | 232 | 262 million |
| Sobha Hartland – Crest Grande | 218 | 531 million |
| Bayview | 202 | 1.67 billion |
Most Selling OFF Plan Villas in August 2023
| Area | Count | Amount |
|---|---|---|
| The Valley – Rivana | 412 | 1.46 billion |
| Mudon Al Ranim 6 | 177 | 498 million |
| South Bay 2 | 113 | 366 million |
| Arabian Ranches lll – May | 111 | 317 million |
| The Valley – Elora | 23 | 40 million |
Most Selling Ready Apartments in August 2023
| Area | Count | Amount |
|---|---|---|
| Micasa Avenue | 61 | 206 million |
| Remraam | 40 | 24 million |
| Sobha Creek vistas Reserve | 36 | 35 million |
| Act One | Act Two | 36 | 110 million |
| Midtown – Mesk | 33 | 37 million |
Most Selling Ready Villas in August 2023
| Area | Count | Amount |
|---|---|---|
| The Fields at D11 – Mbrmc | 32 | 111 million |
| Parkside | 27 | 38 million |
| Parkside 3 | 22 | 31 million |
| Villanova Amaranta B | 18 | 29 million |
| Arabian Ranches Iii – Joy | 18 | 33 million |
