Emerging trends in Dubai
Leading the recovery in the emirate's property market, rising up to 30 % in the prime areas such as:
▪️ Dubai Hills
▪️ The Palm
The recovery in villa and townhouse segments is going strong. A similar trend can be seen in Dubai Marina and other prime areas of the emirate
Why local real estate market is recovering? Covid-19 effect
▪️ A general awareness in the market has been started recovering after bottoming out, because of the cheap money and people feeling safer during the pandemic.
▪️ Real estate transactions had started to recover from the third quarter of last year following the lifting of restrictions related to the Covid-19 pandemic.
▪️ Low interest rates are also prompting end-users
▪️ Investors to buy properties at a very high attractive level
Results Presentations & Updates
You may check out the few data:
Data loaded from the six months to December 2020:
▪️ Apartment and villa prices on Palm Jumeirah increased by 5.1 % and 9.4 %.
▪️ Villa prices in District One have increased by 3.5 %
▪️ Dubai and Emirates Hills (prime markets) are also showing similar signs of improvement in market performance.
January data showing a sea level rise
Recorded a monthly increase of 1.1 % in January with the price recovery not uniformly spread across all communities.
Features - Samana Greens project
▪️ Currently this recovery is without much rental correction in the apartment segment but villas have shown an upward trend in rental recovery.
▪️ The AED 75 million Saman Greens residential project in Arjan offering houses :
* With 122 units and comprises studios
* One- and two-bedroom apartments
* Six retail spaces at the ground level
The group plans to launch three new residential projects in Dubai in 2021.