In February of this year, Dubai real estate market continues to maintain an upward trend, maintaining the growth momentum of 2021.
Against the background of the improving pandemic situation, the restoration of business activity in the country and the continuation of World Expo-2020, the local real estate market continues to flood with new buyers and large investors.
Not only is the demand for buying or short-term rentals growing, but also for long-term rent agreements.
Those who wish to purchase apartments of the highest category most often go in search of Palm Jumeirah, while villas are best realized in Jumeirah Island area.
All key areas where apartments are the most popular choice showed an annual increase in the capital cost of real estate.
In general, the best growth rates in the apartment segment were shown by Palm Jumeirah (21.2%), Jumeirah Beach Residence (16.3%), Burj Khalifa (13.7%), The Views (11.2%) and The Greens (10.3%).
In terms of growth in the villa segment, the top are Jumeirah Islands (40.7%), Arabian Ranches (39.4%), The Lakes (36.7%) and Palm Jumeirah (34.4%).
