Dubai Real Estate Market Insights – Q1 2023

We are delighted to release our Market Insights report for Q1 2023.  

As a leading residential property brokerage with a significant market share in many of Dubai’s most well-known communities, we believe that our experience and knowledge from the “sharp end of the market” will benefit all Dubai Real Estate stakeholders. 

A key aspect of our mission is to provide more data transparency and market insights for our clients. We aim to be an effective conduit for accurate information that allows our clients to make better decisions with all facts and figures at hand. 

Dubai Residential Market Highlights: 

• The off-plan market has experienced a significant increase in both transaction value and volume, outperforming the growth trajectory in the secondary market. 
• The plus AED 20,000,000 price segment in the secondary market has seen the largest increase in YoY transaction activity. 
• Not all villa/townhouse communities have seen greater transaction volumes compared to 2 years ago in Q1 2021. Whereas, all apartment communities have seen a significant increase in activity over the past 2 years. 
• There is a notable trend emerging in the rental market. Total contract volume is down, new contract volume is down but contract renewals have increased. 

To read the full report, please click here.