Sales of prime and super-prime properties in Dubai hit record levels in 2023

– According to the commercial real estate services company, CBRE.

Prime properties worth over $1.36 million 

Super-prime – over $2.7 million

Average prices in Q4 2023, compared to Q4 2022:

Prime rose by 22.5%

Super-prime rose by 20.4%

In 2024 price growth in these segments is expected to remain relatively strong.

Sales compared to 2022

Prime rose by 54.5% – 10,296

Super-prime rose by 68.4% – 3,806

Off-plan sales accounted for:

Prime – 67.2% of total transaction volumes

Super-prime – 70.8%

Property prices in the UAE have recorded the highest increase among all the countries in 2023

– According to the International Monetary Fund (IMF).

TOP 3

1. UAE – 10.4%

2. Mexico – 4.72%

3. Israel – 3.1%

The UAE has been ranked 6th in the world among the countries with the highest price growth since the pre-pandemic level – 14.15%.