Monthly Report | Dubai Real Estate Market – Residential | December 2023 SALES ANALYSIS (OFF PLAN & READY TRANSACTION ) Value of Residential Sales In the month of December 2023, the total number of residential transactions amounted to 4,997, marking a notable 37% decrease when compared to the previous month’s figures. This decline was particularly pronounced in the off-plan transactions segment, showcasing a significant and noteworthy 65% month-on-month decrease. On the other hand, transactions involving ready properties experienced a 14% decrease during this period. It’s worth high ..read more

Weekly Reports 02 – Dubai Real Estate Marke – Residential | January 2023 During the second week, Dubai’s real estate market experienced a notable surge, observing a 136% increase in residential transactions compared to the previous week, reaching a total of 1525. This resulted in a significant 144% upswing in the overall transaction value, totalling AED 4.23 billion. Particularly noteworthy was the median price of apartments, which reached 1,574 AED per square foot during this timeframe, offering insights into the existing market dynamics. Further analysis of the data revealed that t ..read more

Weekly Reports 01 – Dubai Real Estate Marke – Residential | January 2023 During the 1st week (29th December 2023 – 04th January) of January 2024, Dubai’s real estate market faced a downturn, witnessing a 13% decline in residential transactions compared to the previous week 52 of December 2023  totalling 646. However, this led to a significant 29% rise in the overall transaction value, amounting to AED 1.73 billion. Notably, apartment prices reached a median of 1,411 AED per square foot during this period, shedding light on the prevailing market dynamics. Additional insights from the ..read more

Weekly Reports 52 – Dubai Real Estate Marke – Residential | December 2023 During the 52nd week, Dubai’s real estate market faced a downturn, witnessing a 33% decline in residential transactions as compared to previous weeks, totalling 741. This led to a significant 50% reduction in the overall transaction value, amounting to AED 1.34 billion.  Notably, apartment prices reached a median of 1,199 AED per square foot during this period, shedding light on the prevailing market dynamics. Additional insights from the data revealed that the average size of apartments involved in these trans ..read more

Weekly Reports 51 – Dubai Real Estate Marke – Residential | December 2023 In the 51st week, Dubai’s real estate market observed a marginal downturn, witnessing a 10% decrease in residential transactions, totalling 1,102. This decline exerted an impact on the overall transaction value, which experienced an 18% reduction compared to the previous week, amounting to AED 2.69 billion. Notably, apartment prices in this period reached a median of 1,372 AED per square foot, thereby shedding light on the prevailing market dynamics. Further insights were gleaned from the data, revealing that the av ..read more

Weekly Reports 51 – Dubai Real Estate Marke – Residential | December 2023 SALES ANALYSIS (OFF PLAN & READY TRANSACTION ) Volume of Residential Sales During November 2023, the total number of residential transactions saw a remarkable upswing, reaching a substantial 7,972, which reflected a significant and noteworthy 43% increase when compared to the previous month. This surge was particularly prominent in off-plan transactions, showcasing an impressive 170% month-on-month escalation. In contrast, transactions involving ready properties experienced only a marginal 1% increase. Notably ..read more

Dubai Real Estate Market Insight – Residential | Week 50 – December 2023 Dubai’s real estate market witnessed a marginal surge in the 50th week, recording 3% increase in residential transactions as compaired to previous weeks, totaling 1,223. This surge had a substantial impact on the overall transaction value, increasing by 42% to AED 3.28 billion. Noteworthy trends were observed in apartment prices, reaching a median of 1,199 AED per square foot, reflecting market dynamics. The average size of apartments involved in these transactions was 1,195 square feet, shedding light on buyer prefe ..read more

Weekly Report | Dubai Real Estate Market – Residential | Week 48, 49 – December 2023 The number of transactions recorded in week 48 was notably low compair to weeks 47, primarily attributed to the holiday period. Only 72 transactions were registered during the 48th week. However, the subsequent week, week 49, exhibited a return to normalcy with a substantial increase in transactions. Specifically, there were 1,184 residential units transacted in Dubai during that week, indicating a significant rebound in activity. The number of transactions recorded in week 48 was notably low, primarily a ..read more

Why and Who Needs Valuation? Property Valuations for Financial Reporting. Introduction Valuation is the process of determining the monetary value or worth of an asset, property, business, or any tangible or intangible item. It involves assessing various factors that influence the value of the asset, such as market conditions, physical conditions, location, demand, and comparable sales. Property valuation is typically conducted by experienced and  certified valuation professionals known as valuers or appraisers. These experts have the knowledge and skills to evaluate different types of ..read more

Introduction Valuation is the process of determining the monetary value or worth of an asset, property, business, or any tangible or intangible item. It involves assessing various factors that influence the value of the asset, such as market conditions, physical conditions, location, demand, and comparable sales. Property valuation is typically conducted by certified and experienced Valuation professionals known as valuers or appraisers. These experts have the knowledge and skills to evaluate different types of properties and determine their fair market value. Various entities and individuals ..read more