REIDIN Dubai & Abu Dhabi Real Estate Market Overview Q3 2023

Citywide AssessmentBoth citywide quarterly value and volume for all sales transactions (i.e. ready, off plan, cashand mortgage) have all recently hit highs since 2013. Of course, there was a noticeableslump in 2020 due to the effects of COVID, but since...

TURKEY RESIDENTIAL SALES AND RENT PRICE CHANGES • According to the Residential Sales Prices in September 2023, there is 4.63% nominal increase when compared to the previous month and also 90.95% nominal increase when compared to September 2022. • According...

RESIDENTIAL SALES AND RENT PRICE INDICES • Abu Dhabi Residential Property Sales Price Index increased by 0.19 points, from 82.56 to 82.75, which represents an increase of 0.23% in September 2023. Prices also increased 2.74% y-o-y. • Dubai Residential Property...

Price PerformanceLooking at the price index for a sample of communities, the first obviousobservation is the overperformance of the Palm Jumeirah. More broadly, villashave shown slightly greater price performance relative to apartments, but bothare dwarfed by the performance of domestic...

TURKEY RESIDENTIAL SALES AND RENT PRICE CHANGES • According to the Residential Sales Prices in August 2023, there is 6.34% nominal increase when compared to the previous month and also 92.10% nominal increase when compared to August 2022. • According...

RESIDENTIAL SALES AND RENT PRICE INDICES • Abu Dhabi Residential Property Sales Price Index increased by 0.48 points, from 82.08 to 82.56, which represents an increase of 0.59% in August 2023. Prices also increased 3.58% y-o-y. • Dubai Residential Property...

Market ShareHotel/serviced apartments make up less than 10% of all ready apartmentsales, and have consistently done so over the last four years. Within thehotel/serviced apartment space, luxury accounts for the majority oftransactions. Price Performance ComparisonSurprisingly, the secondary market has seen...

Volume ConcentrationsIn the post-COVID period, the largest concentration of Ejari transactions havebeen in the prime sector, and specifically in 3 and 4 bedroom villas. Top Performing CommunitiesThere has been a clear shift away from super prime villas when it comes...

TURKEY RESIDENTIAL SALES AND RENT PRICE CHANGES • According to the Residential Sales Prices in July 2023, there is 6.24% nominal increase when compared to the previous month and also 91.97% nominal increase when compared to July 2022. • According...

RESIDENTIAL SALES AND RENT PRICE INDICES • Abu Dhabi Residential Property Sales Price Index increased by 0.95 points, from 81.13 to 82.08, which represents an increase of 1.16% in July 2023. Prices also increased 3.20% y-o-y. • Dubai Residential Property...

Volume ConcentrationsIn the post-COVID period, the largest concentration of Ejari transactions havebeen in the middle markets, and specifically in 1 and 2 bedroom apartments. Top Performing CommunitiesLooking at the best performing communities in terms of price appreciation peryear, there are...