Residential transactions in Dubai surpass 2022 record, says CBRE

CBRE releases its Dubai Residential Market Snapshot – November 2023

Dubai – November 08, 2023 – In October 2023, the number of transactions in Dubai’s residential market totalled 6,407, marking a drop of 23.6% from the year prior. Over this period, off-plan transactions declined significantly by 57.2%, whilst secondary market transactions grew by 29.5%. Despite this recent slowdown, in the year to date to October 2023¹, a total of 93,590 residential transactions were recorded, surpassing the 2022 full year total of 92,178, which was the highest total ever recorded in a year until now.