Dubai's real estate market continued to perform strongly in October 2023, with sales transactions and prices rising across all asset classes. According to data from the Dubai Land Department, there were a total of 7,523 real estate sales transactions registered in October, up 8.3% from the same month last year. The total value of transactions reached AED 19.5 billion, up 12.6% year-on-year.

The residential sector was the main driver of market growth, with sales transactions increasing by 10.1% year-on-year to 4,685 units. The value of residential sales transactions also rose by 11.7% to AED 8.7 billion.

The villa segment performed particularly well, with sales transactions increasing by 15.2% year-on-year to 696 units. The value of villa sales transactions also rose by 17.8% to AED 2.3 billion.

The apartment segment also saw strong growth, with sales transactions increasing by 8.2% year-on-year to 3,989 units. The value of apartment sales transactions rose by 9.3% to AED 6.4 billion.

The commercial sector also saw positive growth in October, with sales transactions increasing by 4.7% year-on-year to 327 units. The value of commercial sales transactions rose by 3.2% to AED 585.9 million. The plots sector also saw strong growth, with sales transactions increasing by 12.6% year-on-year to 1,410 units. The value of plots sales transactions rose by 10.2% to AED 17.8 billion.

Highest Price Land Sales in October 2023

Area	Property Type	Amount
Jumeirah Bay	Land	Dh125 million
Al Sufouh	Land	Dh630.79 million
Business Bay	Land	Dh456.25 million
Al Wasl	Land	Dh397 million

Most Selling OFF Plan Apartments in October 2023

Area	Count	Amount
The Autograph	61	63 million
Mar Casa	49	82 million
Azizi Riviera 27	47	31 million
Palace Beach Residence	35	62.5 million
Azizi Riviera 28	35	22 million

Most Selling OFF Plan Villas in October 2023

Area	Count	Amount
Aura	24	95 million
Jasmine Lane	17	64 million
Arabian Ranches Lll – Ruba	11	26 million
La Violeta 1	10	21 million
The Valley – Eden	09	17 million

Most Selling Ready Apartments in October 2023

Area	Count	Amount
Sky Courts	57	30 million
Remraam	38	26 million
1 Residences	38	61 million
The Nook	34	27 million
Act One | Act Two 32	32	102 million

Most Selling Ready Villas in October 2023

Area	Count	Amount
Elan	55	132 million
Rukan 3	51	35 million
The Pulse Villas	19	31 million
Nad Al Sheba Gardens Phase 3	19	229 million
Parkside 2	17	26 million