Bayut & dubizzle – Dubai property – Sales and rental market report for Q3 2022

Bayut & dubizzle – Dubai property – Sales and rental market report for Q3 2022

Dubai, UAE: The UAE’s leading property portals Bayut & dubizzle have published their combined Dubai Property Market Reports for Q3 2022. Based on the data collected by these powerhouse portals, prices in Dubai’s property sector have continued to appreciate across popular neighbourhoods in the emirate. This sustained growth in rent and sale prices is testament to the healthy demand for affordable and luxury properties in Dubai.

Based on the combined data from Bayut & dubizzle’s sales prices for apartments and villas in the most prominent neighbourhoods of Dubai have recorded upticks of 1% to 14% in Q3 2022.

Prospective investors in search of affordable apartments and villas have focused their interests in areas like Jumeirah Village Circle (JVC), Business Bay, DAMAC Hills 2 and Dubailand. Potential buyers for luxury properties have concentrated more on the established communities of Dubai Marina, Downtown Dubai, Dubai Hills Estate and Arabian Ranches in Q3 2022.

Prices for budget-friendly rental apartments in Dubai’s prominent areas have experienced increases of 2% to 21%, while luxury apartment rentals have appreciated by up to 14%. Buy-to-let villas in the affordable segment have become more expensive by up to 15%, whereas areas with upscale villa properties have recorded upticks of up to