Q2 2023 Dubai Real Estate Market Report

Q2 2023

Dubai Real Estate Market Report

Your details could not be saved. Please try again.

Thank you for downloading our report.

Welcome to the esteemed quarterly report from Morgan’s International Realty, your indispensable resource for navigating Dubai's property market. As you explore the pages of this report, you will discover an abundance of carefully curated data, insights, and expert analysis gathered from a comprehensive network of reliable sources. This report provides a wide-ranging view of market performance, pricing trends, in-demand communities, and numerous other essential factors influencing the property landscape. We invite you to immerse yourself in this wealth of information, equipping you with the knowledge to make well- informed decisions in the ever-evolving Dubai property market. Our team of world-renowned consultants stands ready to serve you, offering unparalleled expertise and guidance to ensure your success in this vibrant sector.

Request a Valuation

HIGHLIGHTS

Dubai real estate market surges in Q2 2023 with soaring property prices and record-breaking transaction values.

Property values soar by 2.51% in May, reaching heights not seen since the market's peak in 2014.

Transaction values increase by an impressive 2% QoQ and a staggering 54% YoY.

Cash transactions dominate the market, accounting for 61% of all transactions.

Primary market activity remains strong, with a 49% share of total transactions.

Luxury property segment registers remarkable growth, with a 4% QoQ increase and a staggering 56% YoY growth.

Palm Jumeirah emerges as the top-performing community, with AED 6.8 billion in property sales.

Commercial property sector shows resilience, with a 3% increase in activity QoQ and a 30% increase YoY.