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January 22, 2024

Dubai and Abu Dhabi Achieve Historic Property Sales of Dh411 Billion in 2023, Surpassing Previous Records

In 2023, Dubai and Abu Dhabi witnessed historic property sales, reaching a staggering Dh411 billion, surpassing previous records by significant margins.

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In 2023, Dubai and Abu Dhabi witnessed historic property sales, reaching a staggering Dh411 billion, surpassing previous records by significant margins. Dubai saw a surge of 56% in sales transactions, hitting Dh411.74 billion, while Abu Dhabi achieved record highs with 13,298 transactions valued at Dh44 billion, marking a 75% increase. The off-plan market in both emirates flourished, with Dubai's off-plan transactions skyrocketing by 59.4% to 68,783, and Abu Dhabi experiencing a 76% growth with 10,151 transactions. Top areas like Dubai Marina, Downtown Dubai, and Jumeirah Village Circle were favored in Dubai.