Popular Dubai Districts Continue To Dominate The Market
Sough-after areas in Dubai continue an upward trend with rising demand and property prices.
The property market in Dubai continues to thrive, with several areas performing exceptionally well. The Jumeirah Village Circle, Business Bay, and Dubai Marina are some of the most sought-after districts that see rising demand and average home values.
Residential Property Market In Dubai: April 2023
In total, the market saw over 17,700 residential transactions so far in 2023, while property price growth increased from 10% in January to 11% in February. What is the main reason behind this trend?
Many specialists attribute the rapid development of the market to an influx of wealthy international buyers to Dubai in the past several months. The market proved resilient against global economic uncertainty and attracted local and international buyers and investors alike.
Damac Lagoons, Arabian Ranches 3, and Al Yelayiss 2 became the most popular areas among villa buyers over the past few months. In turn, price growth per sqm in Jumeirah, Palm Jumeirah and Downtown Dubai outperformed other areas so far in 2023.
