Despite a perceived decline in off-plan transactions during September-October, attributed to factors like the lag in house purchases and registrations with the Dubai Land Department (DLD) and a reduction in new residential unit supplies due to fewer project launches in summer, the market actually experienced significant growth.
The study highlights a 46 percent surge in real estate transactions and a substantial 37 percent increase in the total value of registered sales in Dubai during September-October this year compared to the same period in 2022. This data indicates a strong and growing real estate market in Dubai, countering any perceptions of a downturn during these months.