Dubai: Top 10 areas recording highest value of property transactions in H1 revealed

Dubai: Top 10 areas recording highest value of property transactions in H1 revealed

The emirate recorded 76,119 real estate transactions worth Dh283 billion in the first half of 2023

Published: Thu 27 Jul 2023, 3:36 PM

Dubai’s real estate sector has been witnessing exponential growth on the back of foreign investments as well as more residents shifting from tenant to ownership. In the first half of 2023, the emirate recorded 76,119 real estate transactions worth Dh283 billion, according to the latest data released by the Dubai Land Department.

The highest transaction volume occurred for Al Barsha South Fourth, Dubai Marina and Business Bay. While Dubai Marina, Wadi Al Safa 3 and Palm Jumeirah recorded the highest value of transactions.

Below are the top 10 areas that recorded the highest transactions value in Dubai during the January-June period.

Dubai Marina topped the list with transactions worth over Dh24.96 billion. Marina is an affluent neighbourhood, offering world-class facilities to residents and plenty of options for shopping.

Wadi Al Safa 3 came second with Dh20.99 billion worth of property transactions in H1 2023. Offering a mix of residential buildings and villas, the locality is easily accessible from Dubai’s main roads.

Palm Jumeirah, which is home to some of the richest people in the UAE and globally, recorded Dh19.43 billion worth of transactions. Popularly