Property Finder reports a significant increase in market performance for May 2023

Property Finder reports a significant increase in market performance for May 2023

Significant spike was recorded from 8,077 transactions in April to 11,700 transactions in May, including a growth in values from AED 26.5 billion to AED 34 billion

May 2023 recorded a 77% surge in volume over the same month last year

In comparison to the same month last year, an increase of 87% was noticed in the value of transactions

The number of off-plan property transactions increased by 110% YoY to record more than 5,700, compared to 2,716 in May 2022

DUBAI, UNITED ARAB EMIRATES:After the resounding success of its latest industry enabling event - Property Finder Connect, and the launch of its latest campaign - ‘Find Every Home Here’, Property Finder has now revealed key trends that dominated Dubai’s consistently flourishing property market in the month of May 2023. According to latest data by the leading property portal in the MENA region, May 2023 saw 11,700 real estate transactions, recording a 78% increase in volume compared to 6,587 in May 2022.

The value of sales transactions witnessed a surge of 87% compared to the same month last year, reaching AED 34 billion. This also marks an incredible growth from April 2023, where 8,077 transactions were recorded with a value of AED 26.5 billion.

The market