Unveils end-of-year market insights report for 2023

Unveils end-of-year market insights report for 2023

- Dubai's residential market records 41.4% sales transaction growth and 29.3% in volume compared to 2022.

- Robust increase in secondary market transactions and rental market resilience.

- Sales prices in Dubai’s property market shows notable increase compared to last year.

- Dubai ranks as a top global city for real estate value and investment efficiency.

United Arab Emirates, Dubai - Springfield Properties, a leading real estate brokerage in Dubai, has released its inaugural Market Insights year-end report. This comprehensive analysis provides an in-depth look into the trends and future projections of Dubai's dynamic residential real estate market.

Farooq Syed, CEO of Springfield Properties, comments on the market dynamics: "The 2023 market data not only showcases growth but also highlights the strategic shifts in Dubai's real estate landscape. Our insights reveal a rapidly maturing market characterised by a significant increase in primary market transactions and resilient rental market growth. This evolution speaks to the broader economic trends and regulatory enhancements that continue to position Dubai as a globally competitive and attractive investment destination. As industry leaders, we're not just observing these changes; we're at the forefront, shaping the market through innovative practices and contributing to Dubai's growth narrative."

The report findings show 41.4% sales transaction growth