Dubai real estate sales cross AED92bn in Q3, defying summer slowdown

The majority of properties sold were in the AED2 to 3 million price range, the Allsopp & Allsopp report reveals

A new report finds that Dubai’s real estate market recorded a hectic summer period with AED 92.6 billion during the third quarter of 2023.

The summer months in Dubai, usually characterized by scorching temperatures that can peak as high as 50°C, are often the slowest for investor activity, events, and tourism. However, Q3 this year shaped up to be an exceptionally active investment period with a 6 percent increase in sales compared to Q2.

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