Dubai's real estate market is experiencing robust demand for properties, with both affordable and high-end Apartment properties performing well amidst global uncertainty. According to recent data, the last 90 days have seen a total of 6,336 apartment transactions worth an estimated AED 11.1 billion in the secondary market, with the most active range being the affordable range (AED 500k-5M), comprising 4,561 transactions worth an estimated AED 7.8 billion. However, high-end properties in the premium, elite, and ultra-luxury ranges also saw healthy demand.
Top-performing locations in terms of sales value include downtown Dubai and Dubai Marina, generating AED 1.7 billion and AED 1.4 billion respectively, while Palm Jumeirah and Dubai Harbour came in third and fourth with AED 1.2 billion and AED 1 billion, respectively. These locations also performed well in terms of transaction count, with Dubai Marina taking the top spot with 747 transactions, generating AED 1.4 billion in sales value, followed closely by Downtown Dubai with 559 transactions and AED 1.7 billion in sales value. Business Bay, Jumeirah Village Circle, and International City rounded out the top five in terms of transaction count.
The top projects in the market include The Address Jumeirah Resort Tower I, IL Primo, Beach Vista Tower I, The Royal Atlantis Residences, and Imperial Avenue, all of which have seen strong sales value and transaction count.
Despite global uncertainty caused by the pandemic and other factors, the demand for properties in Dubai has remained strong. Dubai's reputation as a luxurious and glamorous city, with a strong economy and attractive investment opportunities, continues to draw investors and buyers from all over the world. The city's high-rise skyline and world-class amenities make it an attractive location for those seeking a luxurious lifestyle, while the strong demand for affordable properties makes it accessible to a wide range of buyers.
Broker Terminal is a comprehensive solution for new investors looking for accurate information on the Dubai real estate market. It covers information on 6,000 projects across all freehold locations and 360 developers, including each developer's projects. Additionally, Broker Terminal is a tool that displays the top-performing developers in selling properties in both primary and secondary markets, while also connecting clients with location and area specialists for more personalized support. With Broker Terminal, readers would know that they can make informed decisions by providing them with all the necessary data and insights about the Dubai real estate market.
As Dubai's real estate market continues to grow and thrive, it offers exciting opportunities for investors and buyers alike. Whether you're looking for a high-end property in a prime location or an affordable apartment in a bustling neighborhood, Dubai's real estate market has something for everyone. With strong demand for affordable and high-end properties, Dubai's real estate market highlights the continued growth and stability of the market.
Take a look at the primary market trend of the apartments in Dubai:
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