Dubai Real Estate Market Overview April 2023

Status

All

Offplan

Ready

6,175

Apartments

36.8% vs. Apr-2022

Sales value

AED 11.4B

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#
1,315

Villas

-28.7% vs. Apr-2022

Sales value

AED 5.5B

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#
254

Commercial

11.4% vs. Apr-2022

Sales value

AED 400.8M

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#
306

Plots

-13.6% vs. Apr-2022

Sales value

AED 9.1B

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#

Property prices

** Prices change across Dubai is attributed to selling properties in different areas than the areas last year. e.g, the sales in May 2021 were concentrated in JLT, JVC, Arjan, while in 2022 the sales were mainly in Business Bay and Downtown. Please visit our interactive reporting tools to get precise information.

#CARD_INITIALS#

AED 1.1M

Apartments price

-5% vs. Apr-2022

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#
#CARD_INITIALS#

AED 2.6M

Villas price

31% vs. Apr-2022

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#
#CARD_INITIALS#

AED 842.7K

Commercial price

-.5% vs. Apr-2022

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#
#CARD_INITIALS#

AED 5.3M

Plots price

20% vs. Apr-2022

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#

Rental prices

#CARD_INITIALS#

AED 51K

Apartment

13.3% vs. Apr, 2022

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#
#CARD_INITIALS#

AED 150K

Villa

20% vs. Apr, 2022

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#
#CARD_INITIALS#

AED 100K

Commercial

18.9% vs. Apr, 2022

#CARD_SUBTITLE#

#CARD_TEXT#

#CARD_SUBTEXT#

1 - 3

The property demand in April 2023 was mainly in these 5 areas

This sales value proposition does not include the mortgage transactions

The off-plan vs. ready property comparison does not consider plot transactions

Sales volume

Sales Value

Number of property sales transactions in Dubai over years based on the Dubai Land Department

Switch Price Trend

Price per sqft

Property price

Area

Mortgage

Project

Price

#CARD_INITIALS#

Bulgari Lighthouse Dubai, Island 2

Price AED 137 M

#CARD_SUBTITLE#
#CARD_INITIALS#

Six Senses Residences The Palm, Palm Jumeirah

Price AED 58 M

#CARD_SUBTITLE#
#CARD_INITIALS#

Orla By Omniyat, Palm Jumeirah

Price AED 58 M

#CARD_SUBTITLE#
#CARD_INITIALS#

One At Palm Jumeirah, Palm Jumeirah

Price AED 50 M

#CARD_SUBTITLE#
#CARD_INITIALS#

Bluewaters Bay - Building 2, Dubai Marina

Price AED 42 M

#CARD_SUBTITLE#

Project

Price

#CARD_INITIALS#

Emirate Living

Price AED 150 M

#CARD_SUBTITLE#
#CARD_INITIALS#

Palm Jumeirah

Price AED 76 M

#CARD_SUBTITLE#
#CARD_INITIALS#

Elysian Mansions, Tilal Al Ghaf

Price AED 44 M

#CARD_SUBTITLE#
#CARD_INITIALS#

Jumeirah Golf Estates - Hillside, Jumeirah Golf

Price AED 36 M

#CARD_SUBTITLE#
#CARD_INITIALS#

Golf Place, Dubai Hills

Price AED 33 M

#CARD_SUBTITLE#

Dubai Real Estate Market Overview April 2023

6,175 Apartments 36.8% vs. Apr-2022 Sales value AED 11.4B

6,175

AED 11.4B

#CARD_SUBTITLE#

1,315 Villas -28.7% vs. Apr-2022 Sales value AED 5.5B

1,315

AED 5.5B

#CARD_SUBTITLE#

254 Commercial 11.4% vs. Apr-2022 Sales value AED 400.8M

254

AED 400.8M

#CARD_SUBTITLE#

306 Plots -13.6% vs. Apr-2022 Sales value AED 9.1B

306

AED 9.1B

#CARD_SUBTITLE#

Property prices

AED 1.1M Apartments price -5% vs. Apr-2022

AED 1.1M

#CARD_SUBTITLE#

AED 2.6M Villas price 31% vs. Apr-2022

AED 2.6M

#CARD_SUBTITLE#

AED 842.7K Commercial price -.5% vs. Apr-2022

AED 842.7K

#CARD_SUBTITLE#

AED 5.3M Plots price 20% vs. Apr-2022

AED 5.3M

#CARD_SUBTITLE#

Rental prices

AED 51K Apartment 13.3% vs. Apr, 2022

AED 51K

#CARD_SUBTITLE#

AED 150K Villa 20% vs. Apr, 2022

AED 150K

#CARD_SUBTITLE#

AED 100K Commercial 18.9% vs. Apr, 2022

AED 100K

#CARD_SUBTITLE#

Sales volume

Sales Value

Mortgage

Project

Price

Bulgari Lighthouse Dubai, Island 2 Price AED 137 M

#CARD_SUBTITLE#

Six Senses Residences The Palm, Palm Jumeirah Price AED 58 M

#CARD_SUBTITLE#

Orla By Omniyat, Palm Jumeirah Price AED 58 M

#CARD_SUBTITLE#

One At Palm Jumeirah, Palm Jumeirah Price AED 50 M

#CARD_SUBTITLE#

Bluewaters Bay - Building 2, Dubai Marina Price AED 42 M

#CARD_SUBTITLE#

Project

Price

Emirate Living Price AED 150 M

#CARD_SUBTITLE#

Palm Jumeirah Price AED 76 M

#CARD_SUBTITLE#

Elysian Mansions, Tilal Al Ghaf Price AED 44 M

#CARD_SUBTITLE#

Jumeirah Golf Estates - Hillside, Jumeirah Golf Price AED 36 M

#CARD_SUBTITLE#

Golf Place, Dubai Hills Price AED 33 M

#CARD_SUBTITLE#

Dubai Property Market Monthly Reports.

May

April

March

February

January

December

November

October

September

August

July

June

6,175

Apartments

36.8% vs. Apr-2022

Sales value

AED 11.4B

1,315

Villas

-28.7% vs. Apr-2022

Sales value

AED 5.5B

254

Commercial

11.4% vs. Apr-2022

Sales value

AED 400.8M

306

Plots

-13.6% vs. Apr-2022

Sales value

AED 9.1B

AED 1.1M

Apartments price

-5% vs. Apr-2022

AED 2.6M

Villas price

31% vs. Apr-2022

AED 842.7K

Commercial price

-.5% vs. Apr-2022

AED 5.3M

Plots price

20% vs. Apr-2022

AED 51K

Apartment

13.3% vs. Apr, 2022

AED 150K

Villa

20% vs. Apr, 2022

AED 100K

Commercial

18.9% vs. Apr, 2022

Bulgari Lighthouse Dubai, Island 2

Price AED 137 M

Six Senses Residences The Palm, Palm Jumeirah

Price AED 58 M

Orla By Omniyat, Palm Jumeirah

Price AED 58 M

One At Palm Jumeirah, Palm Jumeirah

Price AED 50 M

Bluewaters Bay - Building 2, Dubai Marina

Price AED 42 M

Emirate Living

Price AED 150 M

Palm Jumeirah

Price AED 76 M

Elysian Mansions, Tilal Al Ghaf

Price AED 44 M

Jumeirah Golf Estates - Hillside, Jumeirah Golf

Price AED 36 M

Golf Place, Dubai Hills

Price AED 33 M

Dubai Property Market
Monthly Reports.

Dubai Property Market
Quarterly Reports.