Dubai real estate market soars amid record residential transactions in 2023: report - Elite Eden Realty

Dubai real estate market soars amid record residential transactions in 2023: report

RIYADH: Dubai’s real estate market experienced robust growth in 2023, reaching an all-time high with residential transactions totaling 118,993 units, a report from CBRE revealed. The report highlighted a 29.6 percent year-on-year increase in deal volumes, driven by growth in both the off-plan market and secondary deals. Off-plan residential properties are purchased before construction, while the secondary market involves resale properties, existing homes, and established housing areas. “The UAE’s residential market ended the year on a strong note, where the elevated levels of demand continue to drive performance,” said Taimur Khan, head of research at CBRE.

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