November 2023 – Real Estate Market Results

November 2023 – Real Estate Market Results

According to the Dubai Land Department data:

– In November 2023, 12,148 property transactions worth $11.43 billion were completed in Dubai.

Property deals show 9% volume increased and 38% value rose compared to November 2022.

52% – 6,305 transactions worth $7.64 billion - Existing Properties

48% – 5,843 transactions worth $3.79 billion - Off-plan Properties

Compared to November 2022:

• Existing volume increased by 8%, the value rose by 60%
• Off-plan volume increased by 11%, the value rose by 8%

TOP Projects by Sales Value:

Apartments

1. Bay Residences, Dubai Islands – $271.6 million
2. Volta Tower – $122.3 million
3. One Za'abeel – $97.5 million
4. Clearpoint, Rashid Yachts & Marina – $94.5 million
5. Expo City Mangrove Residences – $67.2 million

Villas

1. Expo Valley – $199 million
2. South Bay 3 Premium – $188.7 million
3. Nima, The Valley – $173.5 million
4. EÔME – $82.7 million
5. Ixora Al Barari – $71.5 million

1st Place by Sales Volume:

Apartments – Elitz 2 By Danube

Villas – Nima, The Valley