Prime areas in Dubai continue their upward trajectory as demand rises

Prime areas in Dubai continue their upward trajectory as demand rises

- Property prices in Dubai continue to increase in affordable and luxury segments.

- Business Bay, JLT, JVC, and Dubai Sports City dominate the market for affordable apartments.

- JVC, Dubailand, DAMAC Hills, and The Springs record an increase in the average price for affordable villas.

- Downtown Dubai, Dubai Marina, Dubai Hills Estate, Palm Jumeirah, and JBR remain the preferred choices for luxury apartments.

- Palm Jumeirah, Dubai Hills Estate, and The Villa noted the highest growth in terms of average price for luxury villas.

Dubai: Dubai property prices continue to increase across various affordable and luxury segments as key areas record high numbers. Sales trends in the first half of the year indicate that average prices of affordable properties have increased up to 8 per cent while rates in upscale areas surged up to 19 per cent, according to the Zoom Property Insights.

Arabian Ranches, Dubai Hills Estate, Downtown Dubai, and Dubai Marina have remained the preferred choices among high-net-worth investors, while small-ticket investors focused on suburban areas, such as Dubailand, DAMAC Hills 2, Business Bay, and Jumeirah Village Circle.

Ata Shobeiry, CEO of Zoom Property, believes that the Dubai property market will break previous records in 2022.

“It’s certainly a good sign for Dubai real