Dubai property: Areas likely to see highest price gains

Dubai property: Areas likely to see highest price gains

AI platform selects the top five areas of the emirate

Published: Sun 29 Oct 2023, 8:51 PM

Bukadra Part 2, Sobha Hartland, Al Warsan First, Dubai Harbour and Al Kheeran are likely to witness the highest price appreciation in Dubai in the fourth quarter, a report showed.

According to Realiste AI, a proptech platform, Bukadra Part 2 has the highest forecasted property price growth among all the listed areas. For Q4 2023, the expected price increase stands at 8.12 per cent. “As this area features new constructions, analytics for annual rental yield currently being prepared, but it can already be noted that the lowest average price per square metre is in 3BR units at 22,497, while the highest is in 1BR units at Dh24,919, with projections indicating that the average price for 1BR will grow to Dh24,323, and for 3BR to Dh26,941.

The prospects for average price growth in Sobha Hartland stand at 8.05 per cent. Analytics are available for four types of units in this area, and the annual rental yield is approximately the same for all of them. “Studio units stand out slightly with a yield of 5.7 per cent. The situation is similar to the average price per square metre, with