- A total of 17,924 residential units were sold across Dubai in May. This is the highest monthly transaction on record and is 4% higher than the previous monthly sales record of 17,276 units set only in April.
- So far this year, the city has already witnessed more than 3,267 transactions for properties priced above AED 10m. It is projected that this number could reach more than 6,500 units by the end of the year if the current market sentiments persist.
- New project launches have remained stable. More than 51,000 new units have been introduced across the city so far this year.
- Capital values continue their upward trajectory, albeit at a slower monthly rate. Compared to April, prices on average have increased between 1-2% across apartments and villa developments. With the latest set of data, prices are now 15% higher y/y across apartments and 16% higher y/y across villas.
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