Dubai’s residential market had a fantastic last year!
Dubai’s residential market had a fantastic last year! But the story is not yet over, and all signs indicate that the run will continue in 2022 and beyond. Obviously, this is wonderful news for all those who want to invest in Dubai Real Estate.
Dubai’s residential market had a fantastic last year! But the story is not yet over…
Dubai’s property prices will keep on rising in 2022, which is in line with what happened in 2021. The same holds true for rents in the residential market, which will continue rising this year.
According to our real estate experts, Dubai’s real estate market will see increases in property prices and rents in 2022. Thanks to these encouraging signs, more new projects will get launched this year from all our partners.
It’s no secret that the global pandemic caused a slowdown in the real estate markets across the world. Dubai’s real estate market was no exception, but things have shaped up nicely since then, many thanks to UAE’s strong economy and various positive steps taken by the government to boost the property market.
Some other developments that anchor well for Dubai’s real estate market future include:
- – Geopolitical tensions in Eastern Europe will strengthen Dubai’s reputation as a safe haven, which in turn will increase the demand for residential properties further
- – High oil prices will ensure that investors’ sentiment in this region remains positive
- – A wide range of properties, ranging from luxurious penthouses to ultra-modern apartments, ensures that all types of investors can find a suitable property in Dubai
2021 was an exceptionally good year, with real estate prices rising by a whopping 60%. Also, last year was the year of the Expo with all its positive impact on the UAE’s economy overall.
So, which are the best areas for buying a residential property in Dubai? Or are all areas giving similar returns?
As expected, some neighbourhoods posted better numbers in 2021 and the first half of 2022 than others. Leading the list are locations such as Palm Jumeirah, Downtown Dubai, MBR City & JVC.
As a matter of fact, Palm Jumeirah apartments registered an impressive 4.2% increase on a month-to-month basis in May 2022.
Villa prices in Palm Jumeirah — often billed as the Eighth Wonder of the World — rose by 5% in May. Properties in MBR, JVC, and Downtown Dubai have posted similar increases.
These regions continue to be popular among global investors is not surprising
The fact that these regions continue to be popular among global investors is not surprising. After all, all these regions offer great amenities and a range of real estate properties to choose from. For example, you will be hard-pressed to find a better beachfront lifestyle than the one Palm Jumeirah offers. Each villa in Palm Jumeirah has private beach access. Apart from tantalising villas, buyers can invest in penthouses and townhouses in Palm Jumeirah. Living in this part of Dubai is an experience unlike any other, many thanks to the combination of a calm beachfront ambience with a thriving lifestyle.
Downtown Dubai, in contrast, is known for spacious and superbly designed apartments. It is the perfect place for both families and singles. The area boasts of not only vibrant nightlife, but it has also many top schools. Some of the best bars and dining options in the entire Dubai are located in and around the Downtown area. What’s more, since it is near Jumeirah Beach, it is also an awesome location for beach lovers.
Like Palm Jumeirah and Downtown Dubai, other areas mentioned in this post also have a lot going for them. All these locations are ideal for both residing and investing.
And since our experts are of the opinion that Dubai property prices will continue to rise in the latter half of 2022 and over the next three to four years, now is a great time to invest as we have projects in all these incredible areas.