Property valuation is important in India for various reasons, including buying and selling properties, tax purposes, loan approvals, and legal disputes. Here are some of the reasons why property valuation is needed in India: Buying and selling properties: When buying or selling a property in India, it is important to know the accurate market value of the property to ensure that you are getting a fair deal. Property valuation helps in determining the correct value of the property, taking into account various factors such as location, size, amenities, and condition of the property. Tax purposes: Property valuation is also important for tax purposes. The government of India levies property tax on the value of the property. The correct valuation of the property helps in determining the amount of tax to be paid. Loan approvals: If you are applying for a loan to purchase a property, the lender will require a property valuation report to assess the value of the property. The valuation report helps the lender in determining the loan amount and the interest rate. Legal disputes: In case of legal disputes related to property, property valuation reports can be used as evidence in court. These reports help in establishing the value of the property and can help in resolving disputes related to property ownership, inheritance, and other related matters. In summary, property valuation is an essential process in India that helps in determining the accurate value of a property, which is crucial for various purposes such as buying and selling, tax purposes, loan approvals, and legal disputes. Reliant Surveyors (Valuation & Advisory)

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

2. Source: Reliant Surveyors Research/ REIDIN
www.reliantsurveyors.com
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
Median Price
AED / Sqf
Apartment - 1,380
Median Size
Sqf
Apartment - 840
Total Transaction
Volume / Units
1,482
Total Value
AED Billions
3.26
DUBAI REAL ESTATE MARKET
RESIDENTIAL
W E E K 1 5 - A P R 2 0 2 3 ( 1 0 t h
– 1 6 t h
A P R I L 2 0 2 3 )
01

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

4. 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.
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Week 10
Mar 23
Week 11
Mar 23
Week 12
Mar 23
Week 13
Mar 23
Week 15
Apr 23
Week 14
Apr 23
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Value of Residential Sales
AED
Billions
OFF
PLAN
READY
1.56
1.78
2.10
1.92
1.71
1.90 1.70
1.56 1.56
1.95
1.56
1.43
DUBAI REAL ESTATE MARKET
RESIDENTIAL OFF PLAN AND READY TRANSACTION
W E E K 1 5 - A P R 2 0 2 3 ( 1 0 t h
– 1 6 t h
A P R I L 2 0 2 3 )
03
200
400
600
800
1000
1200
1400
Week 10
Mar 23
Week 11
Mar 23
Week 12
Mar 23
Week 13
Mar 23
Week 15
Apr 23
Week 14
Apr 23
Volume of Residential Sales
No.
of
Transactions
OFF
PLAN
READY
942
1,066 995
789
693
909
999
773
877
774
611
630

5. 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.
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300
600
900
1200
1500
2100
1800
Week 10
Mar 23
Week 11
Mar 23
Week 12
Mar 23
Week 13
Mar 23
Week 15
Apr 23
Week 14
Apr 23
Volume of Residential Sales
No.
of
Transactions
APARTMENT
VILLA
1,358
1,531
1,876
1,455
1,664
1,580
124
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
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Value of Residential Sales
AED
Billions
APARTMENT
VILLA
0.79
0.76
0.36
0.86
0.67
0.36
2.47
2.58
3.30 3.00
2.60
2.97
DUBAI REAL ESTATE MARKET
RESIDENTIAL APARTMENT & VILLA TRANSACTION
W E E K 1 5 - A P R 2 0 2 3 ( 1 0 t h
– 1 6 t h
A P R I L 2 0 2 3 )
04
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6. Key Transactions - Ready
Source: Reliant Surveyors Research/ REIDIN
www.reliantsurveyors.com
Key Transactions - Off Plan
Building Name Area Type Units Value
(AED Billion)
Downtown Dubai
Palm Jumeirah
Dubai Harbour
Palm Jumeirah
THE RESIDENCE
Burj Khalifa
Ellington Beach
House
Address The Bay
Orla By Omniyat
Elvira 2 Mohammed Bin Rashid
City (MBR City)
2
8
23
4
87
Apartment
Apartment
Apartment
Apartment
Apartment
0.04
0.06
0.09
0.18
0.19
Building Name Area Type Units Value
(AED Billion)
Dubai Marina
Palm Jumeirah
Arabian Ranches
Palm Jumeirah
One JBR (1 JBR)
Signature Villas
Arabian Ranches
Villas
Palm Jumeirah
Alaya Tilal Al Ghaf
2
1
7
3
20
Apartment
Villa
Villa
Villa
Villa
0.03
0.05
0.05
0.10
0.20
DUBAI REAL ESTATE MARKET
RESIDENTIAL KEY TRANSACTION
W E E K 1 5 - A P R 2 0 2 3 ( 1 0 t h
– 1 6 t h
A P R I L 2 0 2 3 )
05

7. With a history that goes back to 4 decades, Reliant is known for delivering excellence
and holds 2nd number license from insurance authority. We have over 2,000+ satis-
fied clients and successfully completed over 5,500 assignments across commercial
and residential sectors. Reliant is living up to it name and has become synonymous
to reliability & trustworthiness in the asset valuation industry.
We are a company driven by passion and hold dear our values i.e. integrity, honesty,
transparency, quality, and professionalism. With a client-centric approach, we remain
committed to deliver excellence and perfection in everything we do. Our sheer com-
mitment, dedication, passion and devotion towards work have enabled us to grow
exponentially in the Middle East and India – with plans to set foot in the UK market
very soon.
Reliant as a company takes pride in its heritage, people and culture and oers its
clients a comprehensive range of customized reports leveraging its dedicated,
skilled, and multi-disciplinary team, which includes RERA approved valuers, RICS
professionals, Chartered Engineers, and CEIV.
ABOUT US
OUR PEOPLE
Abhinav Sharma
RICS Registered
Valuer, Director
Amrita Chandhok
RICS Registered Valuer,
Director Valuations
Simmi Arora
Senior Research
Manager
Divyansh Gupta- MRICS
Director I Strategic
Advisory & Valuation

8. This report is for general informative purposes only. It may not
be published, reproduced or quoted in part or in whole, nor may
it be used as a basis for any contract, prospectus, agreement
or other document without prior consent. Whilst every effort
has been made to ensure its accuracy, Reliant Surveyors
accepts no liability whatsoever for any direct or consequential
loss arising from its use. The content is strictly copyright and
reproduction of the whole or part of it in any form is prohibited
without written permission from Reliant’s research team.
©Reliant Surveyors.
Disclaimer:
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