Dubai real estate sales cross AED92bn in Q3

Dubai real estate sales cross AED92bn in Q3, defying summer slowdown

According to arabianbusiness.com, the majority of properties sold were in the AED2 to 3 million price range,

Dubai’s real estate market recorded an unusually busy summer period with AED 92.6 billion during the third quarter of 2023, a new report finds.

The summer months in Dubai, usually characterised by scorching temperatures that can peak as high as 50°C, are often the slowest months for investor activity, events and tourism. However, Q3 this year shaped up to be an exceptionally active investment period with a 6 percent increase in sales compared to Q2.