W Capital Real Estate, headquartered in Dubai, said that real estate sales in the emirate are on track to hit record levels during the 2023 summer season amid exceptional demand, Invest-Gate reports.

Dubai’s real estate sector continued to post impressive growth levels in the first seven months of 2023, achieving its best-ever performance for the same period with a value exceeding AED 217 bn distributed across 72,101 sale transactions, according to the data from the Dubai Land Department.

According to the data, the year-on-year (YoY) growth in terms of sales value during the period from January to July 2023 stands at around 61% compared to AED 135 bn last year, and in terms of the number of transactions, more than 43% versus 50,000 sales deals.