Property Valuation in Delhi

1. WEEKLY REPORT Dubai Real Estate Market Residential Week 15 – April 2023

2. 01 DUBAI REAL ESTATE MARKET RESIDENTIAL WE E K 1 5 - A PR 202 3 ( 1 0t h – 1 6t h A PR I L 20 2 3 ) Residential volume across Dubai reduced by 3% compared to last week, a consecutive decline for the third week. The total number of transactions recorded this week (10 – 16th April 2023) were 1,482 as against 1,520 transactions in the previous week. In terms of Value, the overall residential value remained almost similar to the value record- ed in the previous week. Overall AED 3.26 billions worth of transactions were recorded against AED 3.27 billion in the previous week. The maximum upside was witnessed in villa transactions where both volume and value registered an impressive growth from the previous week. Total sales transaction volumes Total Transaction Volume / Units Median Price AED / Sqf 1,482 Apartment - 1,380 Total Value AED Billions Median Size Sqf 3.26 Apartment - 840 www.reliantsurveyors.com Source: Reliant Surveyors Research/ REIDIN

3. 02 DUBAI REAL ESTATE MARKET RESIDENTIAL WE E K 1 5 - A PR 202 3 ( 1 0t h – 1 6t h A PR I L 20 2 3 ) Off Plan Transactions Volume 789 Units 01 02 Off Plan Transactions Value AED 1.56 Billions Ready Transactions Volume 693 Units 03 04 Ready Transactions Value AED 1.70 Billions Apartment Transactions Volume 1,358 Units 05 06 Apartment Transactions Value AED 2.47 Billions Villa Transactions Volume 124 Units 07 08 Villa Transactions Value AED 0.79 Billions www.reliantsurveyors.com Source: Reliant Surveyors Research/ REIDIN

4. 03 DUBAI REAL ESTATE MARKET RESIDENTIAL OFF PLAN AND READY TRANSACTION WE E K 1 5 - A PR 202 3 ( 1 0t h – 1 6t h A PR I L 20 2 3 ) Off-Plan sales activity during the week remained comparatively low whereas ready transac- tion volume witnessed a hike. A total of 789 Off-plan and 693 ready transactions were regis- tered during the week. Ready transactions increased by 13% over the course of the week, the volume of Off-Plan transactions reduced by 13%. Value-wise, Off-plan transactions registered a substantial decrease of 9%, while Ready Sales transactions registered an increase of 9% over the previous week. Volume of Residential Sales No. of Transactions 1400 1200 1,066 995 999 1000 942 909 877 774 789 693 773 800 630 611 600 OFF PLAN 400 READY 200 Week 10 Mar 23 Week 11 Mar 23 Week 12 Mar 23 Week 13 Mar 23 Week 14 Apr 23 Week 15 Apr 23 Value of Residential Sales S o u rce : R e l i a n t S u r veyo rs R e s ea rch / R E I D I N 4.0 3.5 AED Billions 3.0 2.5 2.10 1.92 2.0 1.71 1.90 1.78 1.56 1.70 1.95 1.56 1.56 1.56 OFF PLAN 1.5 1.43 READY 1.0 0.5 0.0 Week 10 Mar 23 Week 11 Mar 23 Week 12 Mar 23 Week 13 Mar 23 Week 14 Apr 23 Week 15 Apr 23 www.reliantsurveyors.com

5. 04 DUBAI REAL ESTATE MARKET RESIDENTIAL APARTMENT & VILLA TRANSACTION WE E K 1 5 - A PR 202 3 ( 1 0t h – 1 6t h A PR I L 20 2 3 ) The total apartment transactions volume reduced by 7% in Week 15 of 2023 compared to the previous week, whereas Villa transactions recorded a significant hike of 91% over the last week. Nearly 1,358 apartments and 124 Villa transactions took place against 1,455 apart- ments and 65 villa units in the previous week. In Value terms, the total apartment’s transaction value was reduced by 5%, and the value of villa transactions recorded an increase of 18% against the previous week. Volume of Residential Sales No. of Transactions 2100 1,876 1800 1,664 1,580 1,531 1,358 1500 1,455 1200 APARTMENT 900 600 VILLA 124 300 184 67 105 65 49 Week 10 Mar 23 Week 11 Mar 23 Week 12 Mar 23 Week 13 Mar 23 Week 14 Apr 23 Week 15 Apr 23 S o u rce : R e l i a n t S u r veyo rs R e s ea rch / R E I D I N Value of Residential Sales 4.0 3.5 3.30 3.00 2.97 AED Billions 3.0 2.60 2.58 2.5 2.47 2.0 APARTMENT 1.5 0.86 1.0 0.79 0.76 VILLA 0.67 0.5 0.36 0.36 0.0 Week 10 Mar 23 Week 11 Mar 23 Week 12 Mar 23 Week 13 Mar 23 Week 14 Apr 23 Week 15 Apr 23 www.reliantsurveyors.com

6. 05 DUBAI REAL ESTATE MARKET RESIDENTIAL KEY TRANSACTION WE E K 1 5 - A PR 202 3 ( 1 0t h – 1 6t h A PR I L 20 2 3 ) Key Transactions - Off Plan Value Building Name Area Type Units (AED Billion) Elvira 2 Mohammed Bin Rashid City (MBR City) Apartment 87 0.19 Orla By Omniyat Palm Jumeirah Apartment 4 0.18 Address The Bay Dubai Harbour Apartment 23 0.09 Ellington Beach House Palm Jumeirah Apartment 8 0.06 THE RESIDENCE Burj Khalifa Downtown Dubai Apartment 2 0.04 Key Transactions - Ready Value Building Name Area Type Units (AED Billion) Alaya Tilal Al Ghaf Villa 20 0.20 Palm Jumeirah Palm Jumeirah Villa 3 0.10 Arabian Ranches Villas Arabian Ranches Villa 7 0.05 Signature Villas Palm Jumeirah Villa 1 0.05 One JBR (1 JBR) Dubai Marina Apartment 2 0.03 www.reliantsurveyors.com Source: Reliant Surveyors Research/ REIDIN

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