"Dubai Real Estate Sector Records $27.8 Billion in Summer 2023 Sales Surge"

The Dubai real estate market experienced a remarkable surge in sales during the summer season of 2023, with total sales reaching AED 102 billion ($27.8 billion). Data from W Capital reveals that this figure represents a significant increase of 50% compared to the previous summer season, which recorded sales of AED 68 billion ($18.5 billion). Transaction volumes also surged by 30%, with 33,600 transactions in the summer of 2023, compared to 25,677 during the same period last year.

Walid Al Zarooni, CEO of W Capital, emphasized that the market's robust performance during the summer season was driven by attractive investment opportunities, particularly in ready-made villas and apartments. Additionally, the increasing number of high-net-worth individuals choosing Dubai as a global destination for living, working, and tourism has contributed to the market's strength and appeal.

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This summary provides information on the surge in Dubai's real estate market during the summer of 2023, with significant increases in both sales value and transaction volumes compared to the previous year. It highlights factors contributing to this growth, including attractive investment opportunities and the influx of high-net-worth individuals to Dubai.