Palm Jumeirah, Downtown in demand as Dubai property market continues its growth

Jumeirah, Downtown Dubai, Palm Jumeirah, DIFC, MBR City, Dubai Hills and Business Bay are the popular areas for apartments

by Tanvir Awan
Most expensive penthouse sold in Dubai for Dhs122 million

Are you planning to buy property in Dubai and looking for areas, which are in demand, here is the answer: Palm Jumeirah and Downtown Dubai. Dubai property market continues its growth in Q4 of 2022.

Dubai has a thriving real estate market, with many residents and investors seeking to own property in the city due to its luxurious amenities, attractive location and high rental yields.

Popular areas for apartments in Dubai

  • Jumeirah
  • Downtown Dubai
  • Palm Jumeirah

These three areas with over 3.3%, 2.5%, and 2% price increase, respectively, remained the preferred choices for apartments in Dubai.

The following four areas are popular locations that garnered the interest of investors and end-users for apartments in the city.

  • DIFC
  • MBR City
  • Dubai Hills
  • Business Bay

Popular areas for villas in Dubai

  • Palm Jumeirah

The posh Dubai area continued its dominance in the villa segment with a nearly 3% increase in property prices. Villas in Jumeirah also showed a growth of more than 3.5%.

Besides that, District One, MBR City, Dubai Hills, and The Meadows attracted buyers for villas in Dubai.

Dubai real estate market

Dubai is home to a number of high-rise residential and commercial buildings, many of which are known for their distinctive architectural styles.

The real estate market has seen a lot of growth in recent years, with an increasing number of people looking to buy or rent properties in the city.

If you’re interested in buying or renting property in Dubai, it’s a good idea to research the various neighbourhoods and communities to find the one that best suits your needs and budget.

It’s also important to work with a reputable real estate agent who can help you navigate the local property market and find the right property for you.

The real estate market is set to end the year on a high note as prices continue to increase, fuelled by the rising demand from foreign investors and HNIWs.

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