Emerging Trends in Dubai

Leading the recovery in the emirate's property market, rising up to 30 % in the prime areas such as:

▪️   Downtown

▪️   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

▪️   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

You may check out the few data:

▪️   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.

Recorded a monthly increase of 1.1 % in January with the price recovery not uniformly spread across all communities.

▪️   Currently this recovery is without much rental correction in the apartment segment but villas have shown an upward trend in rental recovery.

*   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.