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Dubai’s H1 Report: Top 10 Regions, High Property Transactions

Dubai’s real estate sector flourishes with foreign investments and a shift from tenants to homeowners. In H1 2023, the emirate saw 76,119 transactions worth Dh283 billion, as per Dubai Land Department data.

Top 10 areas with highest transaction volumes were Al Barsha South Fourth, Dubai Marina, and Business Bay. Meanwhile, Dubai Marina, Wadi Al Safa 3. Image used for illustrative purpose. Getty Images , Getty Images

Here are the top 10 area Palm Jumeirah led in transaction values’ based on transaction value in Dubai during January-June 2023:

  1. Dubai Marina – Dh24.96 billion: An affluent neighborhood with excellent amenities and shopping options.
  2. Wadi Al Safa 3 – Dh20.99 billion: Offers a mix of residential buildings and villas, conveniently accessible.
  3. Palm Jumeirah – Dh19.43 billion: Known as “Billionaires’ Row,” it houses some of UAE’s and the world’s wealthiest individuals.
  4. Jebel Ali Industrial First – Dh14.02 billion: Gaining popularity with the launch of Palm Jebel Ali, set to become sought-after in the future.
  5. Business Bay – Dh13.3 billion: A popular area for offices and residences, centrally located near Downtown.
  6. Al Khairan First – Dh10.81 billion: Offers a cosmopolitan environment with a mix of apartments and villas.
  7. Hadaeq Mohammed bin Rashid – Dh10.27 billion: Centrally located with a “garden living” concept, spanning Nad Al Sheba area.
  8. Jebel Ali First – Dh9.64 billion: An upcoming community with a blend of residential and commercial developments.
  9. El Merkadh – Dh9.41 billion: A mixed-use development witnessing significant property transactions in H1 2023.

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