Property Finder reports continued record YOY growth of Dubai’s real estate market

Property Finder reports continued record YOY growth of Dubai’s real estate market

June 2023 recorded transactions worth AED 30.41 billion, representing a 34.1% surge in value over the same month last year The month witnessed 10,419 transactions, marking a 17.78% increase in volume compared to 8,846 transactions in June 2022 Existing properties sales saw a 1.3% YoY decline in volume at 5,254 The number of off-plan property transactions increased by 46.6% YoY to 5,165, compared to 3,523 in June 2022 DUBAI, UNITED ARAB EMIRATES: Property Finder, the leading property portal in the MENA region, has revealed key trends dominating Dubai’s consistently flourishing property market in June 2023. According to the latest data, the month saw 10,419 real estate transactions, recording a 17.78% increase in volume compared to 8,846 in June 2022. The value of the transactions witnessed a surge of 34.1% compared to the same month last year, reaching AED 30.41 billion. This marks the highest transaction volume and value for the month of June in a decade. The market broadly followed the previous month’s trends in property preferences for owners and tenants alike. According to Property Finder’s data for June 2023, 57.5% of property buyers were looking for an apartment, while 42.5% were interested in villas/townhouses. The most commonly searched apartment