Dubai real estate sector heats up with $27.8bn of sales in summer 2023

Dubai real estate sees 50 per cent summer sales increase

The Dubai real estate sector recorded AED102bn ($27.8bn) of sales this summer, according to data released by W Capital.

The real estate brokerage said the value of sales this summer was 50 per cent higher than the summer season of last year, which amounted to AED68bn ($18.5bn).

The number of transactions also increased by 30 per cent to 33,600 transactions this summer, compared to 25,677 transactions for the same period last year.

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