UAE: Palm Jumeirah remains a top choice for villa buyers as prime areas continue their upward trajectory

UAE: Palm Jumeirah remains a top choice for villa buyers as prime areas continue their upward trajectory

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 estate that key areas are performing up to their standards. While the increase in demand and price of luxury properties in Dubai has been driving the market, it’s the growth in the affordable property segment that indicates a well-rounded performance. With this high momentum, 2022 is surely going to conclude on a record-breaking note for Dubai real estate,” Shobeiry said.

With a price increase of nearly 6.4 per cent during the first half, Business Bay remained one of the most sought-after areas for