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 |
