Week 03 – Dubai Actual Property Market Report – Residential |  Might 2024

Week 03 – Dubai Actual Property Market Report – Residential | Might 2024

Complete weekly transactions for the third week of Might have been 3,099 models. This was a modest enhance of 4% in comparison with the earlier week, and virtually twice as excessive as the identical interval final month. The whole transaction worth was roughly AED 6.85 billion, which was 7% decrease than the earlier week, however in step with the weekly common of the previous 6 weeks and 1.8x larger than the third week of April.

The weighted common measurement of models traded confirmed a modest decline of 10%, however was 85% larger than the earlier month, reaching 1,264 sft. The median worth, then again, was at an analogous stage to the earlier week, displaying a 1.8x enhance month-on-month. General, transactions through the week confirmed a wholesome development, which is predicted to proceed within the coming weeks resulting from altering client preferences.

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