Bayut & dubizzle – Dubai Property – Sales and Rental Market Report for H1 2022

Bayut & dubizzle – Dubai Property – Sales and Rental Market Report for H1 2022

Dubai, UAE: Bayut & dubizzle, the UAE’s leading property portals have released their collective Dubai Property Market Report for H1 2022. The data from the powerhouse portals revealed that prices in Dubai’s property sector have further appreciated in prominent neighbourhoods across the city. Given the impressive start to 2022, the growth in sale and rent prices in Dubai are indicative of healthy demand for property in both the affordable and luxury segments of the market.

- Based on Bayut & dubizzle’s combined data the sales prices for villas and apartments in the most searched for locales of Dubai have experienced increases of 1% to 19% in H1 2022.

- Potential investors interested in affordable villas and apartments have been inclined towards areas like Business Bay, DAMAC Hills 2, Dubailand and Jumeirah Village Circle (JVC). Luxury property buyers have paid more attention to well-established communities like Arabian Ranches, Downtown Dubai, Dubai Hills Estate and Dubai Marina in H1 2022.

- Prices for reasonably-priced rental apartments in Dubai’s highly searched for areas have recorded increases of up to 21%, while the rental costs for luxury flats have appreciated by up to 43%. Villa properties in the affordable segment have gone up by 29%, whereas areas