As of the beginning of January 2022.
Popular areas for those looking for apartments at affordable prices are:
- Jumeirah Village Circle (JVC);
- Al Nahda;
- Mirdif;
- Dubai Silicon Oasis;
- Akoya Oxygen.
Affordable apartments are popular in Dubai South and Reem Dubai.
Luxury apartments are the best in such neighborhoods as:
- Dubai Marina;
- Downtown Dubai;
- Jumeirah Beach Residence;
- Palm Jumeirah;
- Al Barsha.
Zoom Property Insight reports that the apartment districts near Expo 2020 are increasingly attracting new demand. Especially Dubai South.
The consulting agency ValuStrat points out that 2021 proved to be better than the predicted results, and 2022 should reinforce the trend of the general increase in property prices and rental rates. However, this increase will be more moderate and stable, without major and unpredictable leaps.
Overall, the average rental rates for apartments increased by 3%, and for villas — by 20%.
Luxury villas are popular with buyers in Jumeirah, Al Barsha, Umm Suqeim, Dubai Hills Estate, and Arabian Ranches.
