Property Valuation

1
WEEKLY REPORT
Dubai Real Estate Market Residential Week 15
April 2023
2
01
DUBAI REAL ESTATE MARKET RESIDENTIAL W EEK 15 -
AP R 2 0 23 ( 10 th 16 th AP RIL 2 0 23)
Residential volume across Dubai reduced by 3
compared to last week, a consecutive decline for
the third week. The total number of transactions
recorded this week (10 16th April 2023) were
1,482 as against 1,520 transactions in the
previous week. In terms of Value, the overall
residential value remained almost similar to the
value record- ed in the previous week. Overall
AED 3.26 billions worth of transactions were
recorded against AED 3.27 billion in the previous
week. The maximum upside was witnessed in villa
transactions where both volume and value
registered an impressive growth from the previous
week.
Total sales transaction volumes
Median Price AED / Sqf
Total Transaction Volume / Units
Apartment - 1,380
1,482
Median Size Sqf
Total Value AED Billions
Apartment - 840
3.26
www.reliantsur veyors.com
Source Reliant Sur veyors Research/ REIDIN
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02
DUBAI REAL ESTATE MARKET RESIDENTIAL W EEK 15 -
AP R 2 0 23 ( 10 th 16 th AP RIL 2 0 23)
Off Plan Transactions Volume 789 Units
01
02
Off Plan Transactions Value AED 1.56 Billions
Ready Transactions Volume 693 Units
03
04
Ready Transactions Value AED 1.70 Billions
Apartment Transactions Volume 1,358 Units
05
06
Apartment Transactions Value AED 2.47 Billions
Villa Transactions Volume 124 Units
07
08
Villa Transactions Value AED 0.79 Billions
www.reliantsur veyors.com
Source Reliant Sur veyors Research/ REIDIN
4
03
DUBAI REAL ESTATE MARKET RESIDENTIAL OFF PLAN AND
READY TRANSACTION W EEK 15 - AP R 2 0 23 ( 10 th
16 th AP RIL 2 0 23)
Off-Plan sales activity during the week remained
comparatively low whereas ready transac- tion
volume witnessed a hike. A total of 789 Off-plan
and 693 ready transactions were regis- tered
during the week. Ready transactions increased by
13 over the course of the week, the volume of
Off-Plan transactions reduced by 13. Value-wise,
Off-plan transactions registered a substantial
decrease of 9, while Ready Sales transactions
registered an increase of 9 over the previous
week.
Volume of Residential Sales
No. of Transactions
1400 1200 1000 800 600 400 200
1,066
995
999
942
909
877
774
789 693
773
630
611
OFF PLAN
READY
Week 10 Mar 23
Week 11 Mar 23
Week 12 Mar 23
Week 13 Mar 23
Week 15 Apr 23
Week 14 Apr 23
Value of Residential Sales
Sour c e Reliant Sur v e y or s Rese ar c h/
REIDIN
4.0 3.5 3.0 2.5 2.0 1.5
AED Billions
2.10
1.92 1.95
1.71
1.90
1.78
1.70
1.56
1.56
1.56
1.56
OFF PLAN
1.43
READY
1.0 0.5 0.0
Week 10 Mar 23
Week 11 Mar 23
Week 12 Mar 23
Week 13 Mar 23
Week 15 Apr 23
Week 14 Apr 23
www.reliantsur veyors.com
5
04
DUBAI REAL ESTATE MARKET RESIDENTIAL APARTMENT
VILLA TRANSACTION W EEK 15 - AP R 2 0 23 ( 10 th
16 th AP RIL 2 0 23)
The total apartment transactions volume reduced
by 7 in Week 15 of 2023 compared to the previous
week, whereas Villa transactions recorded a
significant hike of 91 over the last week.
Nearly 1,358 apartments and 124 Villa
transactions took place against 1,455 apart-
ments and 65 villa units in the previous week. In
Value terms, the total apartments transaction
value was reduced by 5, and the value of villa
transactions recorded an increase of 18 against
the previous week.
Volume of Residential Sales
No. of Transactions
2100 1800 1500 1200 900 600 300
1,876
1,664
1,580
1,531
1,358
1,455
APARTMENT
VILLA
124
184
67
105
65
49
Week 10 Mar 23
Week 11 Mar 23
Week 12 Mar 23
Week 13 Mar 23
Week 15 Apr 23
Week 14 Apr 23
Rese ar c h/ REIDIN
Value of Residential Sales


3. 3. 30 30 3.00 3.00 2.97 2.97
2.58 2.58 2.60


0.76 0.76 0. 0. 86 86
0. 0. 67
0. 36 0.36

4.0 3.5 3.0 2.5 2.0 1.5 1.0
AED Billions
Sour c e Reliant Sur v e y or s
2.47
APARTMENT
0.79
VILLA
0.5 0.0
Week 10 Mar 23
Week 11 Mar 23
Week 12 Mar 23
Week 13 Mar 23
Week 14 Apr 23
Week 15 Apr 23
www.reliantsur veyors.com
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05
DUBAI REAL ESTATE MARKET RESIDENTIAL KEY
TRANSACTION W EEK 15 - AP R 2 0 23 ( 10 th 16
th AP RIL 2 0 23)
Key Transactions - Off Plan
Building Name Area Type Units Value (AED Billion)
Elvira 2 Mohammed Bin Rashid City (MBR City) Apartment 87 0.19
Orla By Omniyat Palm Jumeirah Apartment 4 0.18
Address The Bay Dubai Harbour Apartment 23 0.09
Ellington Beach Palm Jumeirah Apartment 8 0.06
House
THE RESIDENCE Downtown Dubai Apartment 2 0.04
Burj Khalifa
Key Transactions - Ready
Building Name Area Type Units Value (AED Billion)
Alaya Tilal Al Ghaf Villa 20 0.20
Palm Jumeirah Palm Jumeirah Villa 3 0.10
Arabian Ranches Arabian Ranches Villa 7 0.05
Villas
Signature Villas Palm Jumeirah Villa 1 0.05
One JBR (1 JBR) Dubai Marina Apartment 2 0.03
Source Reliant Sur veyors Research/ REIDIN
www.reliantsur veyors.com
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