Among the developers, Emaar Properties showed itself best of all, having sold 20.4% of all sold villas on the market.
According to the analysis by ValuStrat consulting agency, the villa sector in Dubai has shown the best annual capital growth in the last 5 years.
Real estate sales in Dubai have been on a growing trend since the end of last year, when quarantine restrictions related to COVID-19 began to gradually ease.
However, in July there were completely fewer transactions than in the previous months of 2021, which was affected by the Eid al-Adha holiday that lasted for a week.
The growth in demand is equally driven by both international and local buyers and investors.
Residential real estate in the most popular areas of the city in July 2021 showed double-digit growth rates. Thus, growth was 16%in Arabian Ranches, 14.3%in Dubai Hills Estate, growth, and 12.7% - in Meadows.
In comparison, apartment sector, which accounts for 87% of all residential real estate in Dubai market, has grown in the range of two to three and a half percent. Thus, growth was 3.4%in Jumeirah Beach Residence, and 3% - in Palm Jumeirah. The growth was 2%. at Al Hail Heights,
ValuStrat monitors performance across 13 villa communes and 21 apartment clusters. In all of them, capital gains were either stable or growing.
Emaar showed the best sales figures (20.4% of total sales), followed by Sobha (8.6%), Nakheel (6.5%), Seven Tides (5.4%) and Damac( 4.9%)among developers.
Among the areas with the highest demand for finished real estate, Business Bay is in the lead (12% of all transactions), followed by Dubai Marina (11%), Jumeirah Village (7.6%), Palm Jumeirah (5.6%), Jumeirah Lake Towers (5.5%), International City (4.9%) and Downtown Dubai (4%).
