Unprecedented Surge in Record-Breaking Sales of Luxurious Properties in Dubai 2023
- Como Residences penthouse – AED500 million
- Flat in Jumeirah’s Marsa Al Arab – AED420 million
- Flat in Jumeirah Marsa Al Arab – AED286 million
- Flat in Bulgari Lighthouse Dubai in Jumeirah Bay Island – AED143.5 million
- Hotel apartment in Business Bay’s Luxury Family Residence II – AED125 million
- Flat in Mr. C Residences Jumeirah – AED36.7 million
- Flat in Bluewaters Residences – AED8.66 million
- Flat in Seventh Heaven, Al Barari – AED5.27 million
From January 1 to December 12, the emirate witnessed an impressive surge in cumulative sales transactions, surpassing an impressive AED378 billion across diverse property categories. Over the course of the year, a substantial total of 124,000 transactions unfolded, involving 96,083 units, 11,503 buildings, and 16,808 lands. Remarkable peaks in market activity were evident, notably in April 2023, with a staggering AED5.38 billion in transactions occurring for existing properties in a single day, alongside substantial sales on March 27 (AED3.89 billion) and October 9 (AED4.65 billion). This sustained market dynamism not only underscores the emirate’s enduring appeal and resilience in the real estate sector but also emphasizes the robust and thriving nature of the property market that persisted throughout the entire year.
From January 1 to December 12, the emirate witnessed an impressive surge in cumulative sales transactions, surpassing an impressive AED378 billion across diverse property categories. Over the course of the year, a substantial total of 124,000 transactions unfolded, involving 96,083 units, 11,503 buildings, and 16,808 lands. Remarkable peaks in market activity were evident, notably in April 2023, with a staggering AED5.38 billion in transactions occurring for existing properties in a single day, alongside substantial sales on March 27 (AED3.89 billion) and October 9 (AED4.65 billion). This sustained market dynamism not only underscores the emirate’s enduring appeal and resilience in the real estate sector but also emphasizes the robust and thriving nature of the property market that persisted throughout the entire year.
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