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Residential Sales Price Index - February 2023
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The total sales transaction in February recorded 9,020 registered transactions worth AED 26.70 billion, to record the highest performance for the month of February ever recorded. The market witnessed a 42.95 percent year-on-year increase in terms of volume and 64.86 percent in terms of value. For the second month in raw, both existing and off-plan sales recorded an outstanding performance for the month of February ever recorded. The off-plan sales drove the sales transaction to record an increase of 77.81 percent in terms of volume and 154.06 percent in terms of value. The off-plan sales in February 2023 recorded 4,504 transactions worth AED 11.06 billion to present 41.41 percent compared to 26.87 percent in February 2022. The existing sales presented 50.07 percent of the total transactions in terms of volume and 58.58 percent in terms of value by recording 4,516 properties in February 2023 compared to 3,777 in February 2022. The existing transactions witnessed a Year-on-Year increase of 19.57 percent compared to February 2022 in addition to a 32.08 percent increase in terms of value compared to the same period.

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Residential Sales Price Index - February 2023 22 May, 2023 / 500 KB / PDF
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