Dubai residential market sees high demand in 2023: Report
Dubai’s residential market showed a 43.8 percent increase from the previous year, also making it the highest February figure
When it comes to villas, Palm Jumeirah recorded the highest sales per square foot at AED4,300
Dubai has seen “record levels” of demand in residential spaces, with transaction volumes reaching 8,515 in February 2023, according to a report by CBRE.
This showed a 43.8 percent increase from the previous year, also making it the highest February figure, the report said.
“This growth has been underpinned by a 78.1 percent increase in off-plan market sales, along with an 18.8 percent increase in secondary market sales. 17,741 residential transactions have been recorded in the year to date to February 2023, the most on record during the first two months of the year,” the report said.
