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Dubai's Property Market Continues Its Exceptional Performance | Credence & Co.

Updated: Jul 25, 2023


Dubai's Property Market Continues Its Exceptional Performance

Dubai's property market continues its exceptional performance with its increasing demand for the first half of 2023.


The total disposals amounted to 13.65 billion dirhams in a week. Dubai records 2559 real estate sales worth 8.69 billion dirhams. Real estate transactions in the Dubai Land Department during the week of 9th July amounted to more than 13.65 billion dirhams.


And the weekly behaviour report issued by the department yesterday showed that 2559 pledges of allegiance were recorded at a value of 8.69 billion dirhams, of which 323 pledged allegiance to land at a value of 3.33 billion dirhams, and 2236 pledges of allegiance to apartments and villas at a value of 5.36 billion dirhams, while mortgages recorded 3.02 billion dirhams, and 196 donations were recorded at a value of 1.94 billion. Dirhams.


The most important land sales came in the Dubai Marina area, where two sales were recorded, each with a value of 230 million dirhams, followed by a sale of 130 million dirhams in the fourth Al Thanyah area.


The "Fifth District" topped the regions in terms of the number of sales, as it recorded 86 sales at a value of 249 million dirhams, followed by the second Al Quoz region, with 62 sales at a value of 713 million dirhams and a third in "Hind 4 City" with 49 sales at a value of 70 million dirhams.


Hind 4 City dubai

As for the most important sales of apartments and villas, a sale of 420 million dirhams came in the third Umm Suqeim area as the most important sale, followed by a sale of 55 million dirhams in the Palm Jumeirah area, and finally, a sale of 46 million dirhams in the first Zabeel area.


"Al Merkad" topped the regions in terms of the number of sales of apartments and villas, as it recorded 296 pledges of allegiance, at a value of 422 million dirhams, followed by the Al Barsha area south of the fourth, with 254 pledges of allegiance, at a value of 228 million dirhams. A third in "Dubai Marina", recording 163 pledges of allegiance at a value of 588 million dirhams.


In Credence & Co., we have helped hundreds of corporate and individual property owners in Dubai and Abu Dhabi arrive at accurate real estate property market value. We are one of Dubai's approved real estate property valuation companies by the Real Estate Regulatory Agency (RERA) Dubai. We understand the importance of investing in properties or buying a house in one's life. The decision should be based on informative market data and in-depth knowledge of market dynamics. Typically, such information is not available to the buyers.


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