W Capital Real Estate has witnessed a record surge in real estate sales in Dubai during the summer of 2023, reaching the highest level in its history at AED 102 bn, Invest-Gate reports

The value of real estate sales this summer has increased by 50% compared to the previous summer, which amounted to AED 68 bn.

Additionally, the number of executed transactions has risen by 30% to 33,600 deals in the summer of 2023, compared to 25,677 deals in the same period last year.

Commenting on the matter, Walid Al Zarooni, CEO of W Capital Real Estate, stated that the summer sales figures aligned with all expectations, marking the market’s best summer season regarding sales value.

Al Zarooni explained that sales of villas and ready-to-move residential apartments showed significant growth, with a trend towards acquiring units close to beaches and water entertainment facilities due to the high summer temperatures.

He also noted that the market is witnessing significant momentum in introducing new and innovative projects by major and smaller real estate developers, offering a diverse range of options in terms of size, location, and quality that align with customers’ desires.