Dubai's real estate market offers a diverse range of properties for investment, with apartments being the most popular choice of residents. The broad range of affordable to ultra-luxurious options within this category attracts people from around the globe.
Here is an in-depth analysis of the primary market of apartment property from the past 90 days period,
12,139 transactions valued at 26.5 billion have been recorded marking the continuous success of real estate in Dubai.
Price range distribution for apartments:
- Ultra-luxury range (50m+): A total of 39 transactions were recorded in this category. The top three locations with the most transactions were Jumeirah Bay Island (16), Al Wasl (12), and Palm Jumeirah (8), followed by Jumeirah Second (3).
- Elite range (20m-50m): There were 24 transactions in this range. The most popular locations were Palm Jumeirah (11), Downtown Dubai (6), and Jumeirah Second (2), as well as Jumeirah Beach Residence, Jumeirah Bay Island, and Bluewaters Island (2, 2, and 1 transaction, respectively).
- Premium range (10m-20m): A total of 46 transactions fell within this range. The most frequently traded locations were Palm Jumeirah (17), Bluewaters Island (9), and Jumeirah Beach Residence (5), followed by Downtown Dubai, Dubai Marina, La Mer, Culture Village, The Views, Dubai Internet City, and Pearl Jumeirah (3, 3, 2, 2, 1, and 1 transactions, respectively).
- Affordable range (500k-5m): A whopping 4,610 transactions occurred in this range, which is the most accessible for the general public. The top ten locations in terms of transaction volume were Dubai Marina (707), Downtown Dubai (510), Business Bay (462), Dubai Creek Harbour (289), Jumeirah Lake Towers (244), Jumeirah Village Circle (234), Palm Jumeirah (212), Dubai Hills Estate (199), Dubai Harbour (189), and District One (167).
Let's delve more into it and explore the top locations and projects.
Top locations in Dubai's primary market:
In terms of sales value, Business Bay tops the list, with 1.6k transactions amounting to 3 billion AED.
Following closely is Palm Jumeirah, with 344 transactions worth 2.8 billion AED.
Dubai Creek Harbour saw 872 transactions amounting to 2.4 billion AED,
Ali Wasl had 208 transactions worth 1.9 billion AED, and Jumeirah Bay Island had 16 transactions totaling 1.5 billion AED.
Downtown Dubai saw 298 transactions worth 1.4 billion AED,
Sobha Hartland had 826 transactions worth 1.3 billion AED,
Jumeirah Village Circle had 1.5k transactions amounting to 1.1 billion AED,
Dubai Marina had 381 transactions worth 1.1 billion AED, and Umm Suqeim Third had 339 transactions worth 817 million AED.
In terms of transaction count,
Business Bay again comes out on top, with 1.6k transactions totaling 3 billion AED.
Jumeirah Village Circle had 1.5k transactions amounting to 1.1 billion AED, Dubai Creek Harbour saw 872 transactions worth 2.4 billion AED,
Sobha Hartland had 826 transactions worth 1.3 billion AED,
Meydan One saw 535 transactions worth 469.8 million AED, and Dubai Science Park (Dubiotech) had 526 transactions totaling 46 million AED. Damac Hills (Akoya) had 443 transactions worth 44.5 million AED,
Arjan had 418 transactions worth 306.4 million AED,
Town Square had 404 transactions totaling 235.2 million AED, and Dubai Marina had 381 transactions worth 1.1 billion AED.
Top projects for Apartments in Dubai's primary market:
In terms of sales value,
Bulgari Lighthouse Dubai takes the top spot with 16 transactions valued at a whopping 1.5 billion dirhams.
Palm Beach Tower 3 follows closely behind with 214 transactions valued at 1.1 billion dirhams.
The Cove II takes third place with 296 transactions valued at 845.8 million dirhams.
Other notable mentions include Aye Tower with 10 transactions valued at 822.7 million dirhams,
Marina Shores with 273 transactions valued at 815.8 million dirhams, and Peninsula Four with 395 transactions valued at 779.4 million dirhams.
When it comes to transaction count,
Liva ranks first with 401 transactions valued at 232.8 million dirhams. Peninsula Four follows with 395 transactions valued at 779.4 million dirhams.
The Chic Tower by De Grisogono comes in at third place with 370 transactions valued at 577.8 million dirhams.
The Cove II and Marina Shores also make it to the top 5 with 296 and 273 transactions respectively.
Other noteworthy projects based on transaction count include Levanto by ORO24 with 259 transactions, Opalz Tower 1 and 2 with 254 transactions each, Golf Heights with 253 transactions, and Palm Beach Tower 3 with 214 transactions.
Among the top locations and projects in Dubai, there are specific popular options for each type of bedroom. Let's take a closer look at their popularity based on the number of bedrooms.
Among the top locations:
For 1-bedroom apartments,
locations include Business Bay, Dubai Creek Harbour, Palm Jumeirah, Sobha Hartland, Dubai Marina, Downtown Dubai, Zaabeel First, Umm Suqeim Third, Damac Hills (Akoya), Town Square, Meydan One, Dubai Science Park (Dubiotech), Arjan, and Jumeirah Village Circle.
For studios, popular locations include Business Bay, Jumeirah Village Circle, Dubai Marina, Meydan One, Dubai Science Park (Dubiotech), Jumeirah Lake Towers, Arjan, and Damac Hills.
For 2-bedroom apartments,
include Business Bay, Dubai Creek Harbour, Palm Jumeirah, Sobha Hartland, Dubai Marina, Downtown Dubai, Zabeel First, Umm Suqeim Third, Al Kifaf, Dubai Hills Estate, and Jumeirah Village Circle.
For 3-bedroom apartments,
include Dubai Creek Harbour, Palm Jumeirah, Town Square, Al Wasl, Business Bay, Dubai Marina, Sobha Hartland, Jumeirah Village Circle, and Jumeirah Lake Towers.
For 4-bedroom apartments,
include Palm Jumeirah, Al Wasl, Downtown Dubai, Jumeirah Bay Island, and Town Square.
For 5-bedroom apartments,
include Al Wasl, Downtown Dubai, Dubai Hills Estate, Sobha Hartland, and Jumeirah Golf Estate.
For 6-bedroom apartments,
include Jumeirah Bay Island, Al Wasl, Dubai Hills Estate, and Jumeirah Golf Estates.
Additionally, among the top projects in Dubai,
popular options for studios
include Chic Tower by de Grisogono, Peninsula Four, Opalz Tower 2, Levanto by Oro24, and Opalz Tower 1.
For 1-bedroom apartments,
popular options include Palm Beach Tower 3, Peninsula Four, Chic Tower by de Grisogono, Liva, Marina Shores, The Cove II, and Opalz Tower 1.
For 2-bedroom apartments,
popular options include One Zaabeel The Residences, The Cove II, Palm Beach Tower 3, Marina Shores, Golf Heights, Chic Tower by de Grisogono, and Peninsula Four.
For 3-bedroom apartments,
popular options include Golf Heights, The Cove II, and Marina Shores.
For 4-bedroom apartments,
the popular option is The Residence Burj Khalifa.
For 5-bedroom apartments,
the popular option is The Residence Burj Khalifa.
The information provided is from the sources of the Broker Terminal, an innovative platform that boasts an impressive scope, covering over 6,000 real estate projects across all freehold locations in Dubai. This includes comprehensive details about 360 developers and their respective projects. With such an extensive and thorough database, Broker Terminal serves as an unmatched resource for investors seeking to make informed decisions in the Dubai real estate market. Its unparalleled depth and breadth of information make it an essential tool for anyone looking to stay ahead of the curve in this fast-paced industry.
Take a look at the Secondary market trend of apartments in Dubai:
Leave A Reply
Your email address will not be published.*