haus & haus releases 2023 Dubai real estate Market Insights

Want the inside scoop on where the emirate’s property market is headed in 2024? Get all the community data here fresh off the press. You’re welcome.

After a record-breaking 2023 for the Dubai real estate market, the haus & haus experts reveal the important data and trends that will likely shape the year ahead.

The momentum going into 2024 couldn’t be any stronger. The emirate’s property market witnessed an unprecedented surge in performance throughout last year, exceeding Dh400 billion in 2023 compared to Dh265 billion in 2022 in total sales.

And according to a report in Khaleej Times, “Dubai’s property market recently broke a decade-long record for home sales. Developers are expected to deliver 40,000 homes in Dubai in 2024 and 2025.”

But what’s really happening on the ground? What do buyers, sellers, landlords, and tenants need to consider before making decisions this year and beyond? That’s where our industry-leading reports come in.

In the newly published 2023 editions, we reveal that:

• The Off Plan market soared marking the fourth consecutive year of growth
• Developers started venturing further out with projects like Oasis by Emaar gaining immense popularity
• Despite over 60,000 completed units, demand still far outweighed supply due to the growing population – the fastest growing globally
• Top sales increase (average sales price per sq. ft) were Tilal Al Ghaf, Jumeirah Islands, Dubai Harbour and Dubai Hills Estate
• Top rental increases were Dubai Hills Estate (apartments), Dubai Creek Harbour, Jumeirah Islands and The Meadows

Intrigued? Want to know more? We don’t blame you.

The haus & haus Market Insights will arm you with invaluable analysis from 2023 to make sure you’re fully up to speed before taking a financial leap.

Get the reports HERE.