Dubai’s real estate market continued to heat up in July 2023, with the total value of transactions reaching AED 10.6 billion. This was a 34.1% increase from the same month last year, and the highest monthly value recorded in a decade.
The residential property market was the most active, accounting for 85.3% of the total transaction count and 79.2% of the total transaction value. The commercial property market was the second most active, accounting for 15% of the total transaction count and 21.1% of the total transaction value. The plots market was the least active, accounting for 9.7% of the total transaction count and 0.9% of the total transaction value.
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