The Dubai property market is heading for another great year ably supported by top-performing areas With more than 10,300 real estate transactions valuing AED 17.6 billion at an average price of AED 1.2 million, Business Bay led the chart for the highest sales in Dubai in 2022 and the prime area is expected to continue its supremacy in 2023 as well, according to the Zoom Property Insights. Other communities that are expected to perform well in the new year are Dubai Marina, JVC, and Downtown Dubai. They recorded 7,430, 6,085, and 5,100 transactions worth AED 24.3 billion, AED 5.6 billion, … Continue reading Business Bay, Dubai Marina, and JVC to drive the Dubai property market in 2023

Real estate experts expect an increase in property price and rental value amidst rising demand from HNWIs and foreign investors Dubai real estate market will continue its upward trajectory in 2023 as the property prices and the annual rent are expected to increase further amid rising demand and interest from high net worth individuals (HNWIs) and foreign investors, according to the Zoom Property Insights. The latest data from Zoom Property Insights forecasts that Dubai property prices are expected to increase up to 20 per cent increase on average and the luxury segment will continue to dominate with 13.5 per cent … Continue reading Dubai property market set to hit new peak in 2023

The market is set to end the year on a high note as prices continue to increase, fuelled by the rising demand from HNIWs and foreign investors With a nearly 1.8 per cent price increase in October and a similar trend in November, the Dubai property market is heading for a strong fourth quarter and end to the year as the investors and end-users continued to invest in the emirate’s real estate sector. The latest data from Zoom Property Insights indicated that average property prices in Dubai have reached AED 1,070 per square foot. It also disclosed an over 8.5 … Continue reading Palm Jumeirah, Downtown in demand as Dubai property market continues its growth in Q4

Palm Jumeirah continues to be the most in-demand area for rental properties in Dubai The Dubai rental market continues its boost as the average rent witnesses a jump of 27 per cent this year, with the demand also getting a major boost in line with strong economic activity in the emirate, according to the Zoom Property Insights. The average apartment rental prices have reached AED 91,795 AED, while the rent of villas has jumped to AED 274,740. This shows an increase of 27.5 per cent and 25.7 per cent in both the respective sectors, according to the survey. However, due … Continue reading Dubai rents witness a 27% jump in 2022