UAE

Dubai’s real estate market witnessed a significant boom in 2023, with 133,300 transactions totaling a cumulative value of AED 1.4 billion. The residential sector emerged as the primary contributor, with apartments leading the pack in terms of performance, accounting for 99,275 transactions, resulting in a sales value of AED 197 billion. The villa sector also played a vital role, representing 23,023 transactions and a sales value of AED 110.3 billion. The report highlights the top 10 communities that performed exceptionally well, reflecting their architectural beauty, luxuriousness, and community-centric ethos. The real estate market’s resilience and upward trend in 2023 reinforce Dubai’s reputation as a top destination for real estate investments, which is further strengthened by its overall performance.