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 July 2023
| Area |
Property Type |
Amount |
| The Echo Plex City |
Land |
1 billion |
| The Echo Plex City |
Land |
671 million |
| Dubai Marina |
Land |
305 million |
| Wadi Al Safa |
Land |
285 million |
| Area |
Property Type |
Amount |
| The Echo Plex City |
Land |
1 billion |
| The Echo Plex City |
Land |
671 million |
| Dubai Marina |
Land |
305 million |
| Wadi Al Safa |
Land |
285 million |
Most Selling OFF Plan Apartments in July 2023
| Area |
Count |
Amount |
| Creek Waters 2 |
209 |
609 million |
| Viewz 2 By Danube |
195 |
306 million |
| Binghatti Onyx |
180 |
167 million |
| Sobha Hartland – Crest Grande |
178 |
448 million |
| Viewz 1 By Danube |
177 |
269 million |
Most Selling OFF Plan Villas in July 2023
| Area |
Count |
Amount |
| Arabian Ranches lll – May |
125 |
338 million |
| Bianca |
57 |
556 million |
| Mudon Al Ranim 5 |
47 |
132 million |
| Mohammed Bin Rashid Al Maktoum City, District 11- Opal Gardens |
37 |
184 million |
| Rukan 3 |
33 |
23.04 million |
Most Selling Ready Apartments in July 2023
| Area |
Count |
Amount |
| Sky Courts |
44 |
23.11 million |
| 1 Residences |
67 |
95.94 million |
| Golf Views |
34 |
42.53 million |
| Remraam |
33 |
21.13 million |
| V2 |
31 |
18.18 million |
Most Selling Ready Villas in July 2023
| Area |
Count |
Amount |
| Arabian Ranches III – SUN |
21 |
47.30 million |
| Maple III |
20 |
58.27 million |
| The Fields at D11 – Mbrmc |
20 |
71.20 million |
| Maple |
21 |
59.24 million |
| The Sustainable City |
17 |
61.56 million |
Most Selling Ready Villas in July 2023
| Area |
Count |
Amount |
| Arabian Ranches III – SUN |
21 |
47.30 million |
| Maple III |
20 |
58.27 million |
| The Fields at D11 – Mbrmc |
20 |
71.20 million |
| Maple |
21 |
59.24 million |
| The Sustainable City |
17 |
61.56 million |
