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Real Estate Market Records Feb 2023 Results

Real Estate Market Records Feb 2023 Results

According to the report of the Dubai Land Department:

– In February 2023, 8,988 property sales transactions worth $7.2 billion were completed in Dubai.

This is the highest transaction value since February 2013.

4,500 transactions worth $4.2 billion – secondary and ready properties

4,488 transactions worth $3 billion – off-plan properties

 

Сompared to February 2022:

– Volume rose by 30% and value grew by 71%

 

TOP areas for sales:

Apartments:

1. JVC

2. Business Bay

3. Dubai Marina

4. Dubai Creek Harbour

 

Villas & Townhouses

1. Wadi Al Safa 5

2. Al Yelayiss 2

3. Nad Al Shiba First

4. Villanova

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