The latest data issued by Property Finder revealed significant numbers achieved by the real estate market, which is witnessing a steady boom in Dubai.

According to this data, the transactions for January 2023 increased by 128.5% annually after several sales transactions exceeded 9,800, compared to 5,739 in January 2022.

The value of transactions recorded a remarkable increase, exceeding 28 billion dirhams and achieving an increase of more than 178% compared to the same month last year. While the value of transactions on ready-made real estate increased by about 42% annually, reaching around 16 billion dirhams, compared to 11.4 billion dirhams in January 2022. In January, the highest rate of volume and value of transactions in a decade was recorded. The current data reflected the evolving tastes and preferences of the property owners and tenants.

According to figures revealed by Property Finder data, 59% of those wishing to own property are looking for apartments, while 41% are interested in villas or townhouses. As for those wishing to rent, research data indicated that about 80% of those looking for rent are looking for renting apartments, while 20% of them are looking for villas or independent houses (townhouses).