The real estate market saw 16,163 transactions worth AED 47.2 billion in August, recording a 37% increase in transaction volume and a 38% increase in value, respectively, compared to the previous year.
59% of property seekers were interested in apartments, with 32% preferring 1BR, 36% 2BR, and 14% studio units. Meanwhile, 41% of seekers preferred villas/townhouses, with 39% preferring 3BR and 47% 4BR or larger units.
The most popular areas were Jumeirah Village Circle, Dubai Marina, Downtown Dubai, Business Bay, and Palm Jumeirah.
