June-2023 became a record for the Dubai real estate market

June 2023 was a record year for Dubai in terms of real estate transactions, despite the Islamic holiday of Eid al-Adha.

In June, 10,405 real estate transactions totaling AED 30.3 billion ($8.25 billion) were registered in the emirate. This is the best June figure in history. Prior to that, June 2009 was considered a record with a total amount of transactions of AED 22.92 billion ($6.24 billion). For all time, June 2023 is second only to March and May 2023, as well as November 2022, taking fourth place.

Experts note that the rapid modernization of the emirate's infrastructure using the most modern technologies contributes to the success of Dubai. This gives an additional incentive to the development of the economy.

It is assumed that the high demand for residential real estate will remain due to buyers and investors from other countries. Government stimulus measures and the launch of several major real estate projects also contribute to maintaining demand.