Property Finder’s latest market watch report for Q2 2023 highlights an uptake in off-plan transactions across Abu Dhabi and Dubai

Property Finder’s latest market watch report for Q2 2023 highlights an uptake in off-plan transactions across Abu Dhabi and Dubai

- Off-plan market continues to support real estate growth across both Emirates with significant spikes in sales transactions and value expected to sustain in the coming months

- Al Reem Island, Yas Island, Al Raha Beach, Saadiyat Island, Khalifa City and Masdar City dominated the searches in Abu Dhabi

- Dubai Marina, Downtown Dubai, Business Bay, Jumeirah Village Circle, Palm Jumeirah, Dubai Hills Estate, Arabian Ranches, Damac Hills and Al Furjan were among the top areas browsed for in Dubai

DUBAI, UNITED ARAB EMIRATES: UAE’s leading home search platform, Property Finder announced results from its latest Market Watch for Q2 2023, revealing a significant rise in off-plan transactions and sustained momentum in sales of existing properties, complemented by a remarkable growth in value across Abu Dhabi and Dubai.

Growing confidence from buyers setting new records in Abu Dhabi

Solid investor confidence, a notable uptake in new projects and the introduction of innovative developments made Q2 a remarkable quarter in Abu Dhabi. This was majorly driven by 1,838 off-plan transactions, as opposed to 947 transactions in Q2 2022, representing 71.4% of the total transactions, compared to 60.7% in Q2 2022. Also recording a significant YoY surge by 94.1% in terms of volume along with 118% increase