The Official Sales Price Index, August 2023
In August 2023, Dubai’s real estate market registered 11,818 sales transactions, with a significant increase of 25.06% compared to August 2022. By recording the highest performance for the month of August ever recorded, it also crossed the peak of August 2009 by 15%.
The off-plan market captured the largest transactions by 57.85% in terms of volume and 49.79% in terms of value. The off-plan market recorded the highest transaction value ever reached in a month, by recording an increase of 102.81% compared to August 2022, and around 63.21% in terms of volume compared to the same period.