Dubai, United Arab Emirates - The Dubai real estate market saw a remarkable surge in activity during the month of January 2023, with a 79.49% increase in transactions volume compared to November 2022, according to the latest data from Broker Terminal. The market recorded a total of 23,705 transactions worth AED 71.4 billion, representing a 119.95% increase from November 2022.

"High-End Properties in Dubai See Strong Demand with Multiple Transactions Worth Over AED 100 Million"

The high-end property market in Dubai continued to thrive, with four transactions worth over AED 100 million recorded in the last 30 days. The Signature Villas Frond F in Al Sabri sold for AED 125 million, while Bulgaria Lighthouse Dubai and Bulgaria Mansions each sold for AED 119 million and AED 115 million, respectively. The One Canal property also sold for AED 72.5 million.

"Dubai's Top Districts in Demand with AED 10.3 Billion in Total Sales"

Dubai's top districts saw strong demand, with transactions worth a combined AED 10.3 billion recorded in Jumeirah Village Circle, Business Bay, Dubai Creek Harbour, Dubai Marina, Downtown Dubai, Palm Jumeirah, Dubai Hills Estate, Damac Lagoons, Town Square, and Dubai Science Park (Dubiotech). The district with the highest sales was Downtown Dubai, with AED 2.1 billion in transactions.

"Broker Terminal's Report Highlights Dubai's Resilient Real Estate Market Amid Global Challenges"

The data from Broker Terminal's latest report highlights the resilience of the Dubai real estate market, which continues to thrive even amidst global economic challenges. The market's strong performance is a testament to Dubai's reputation as a leading destination for investment in the real estate sector.

In conclusion, the Dubai real estate market remains robust and continues to attract investors seeking high returns. With a growing demand for high-end properties and a continued surge in transactions volume, the market is set to maintain its upward trajectory in the coming months.