Property market price increased in Dubai
Due to the increasing investment in the real estate sector in DUBAI, the property market is increasing in value. Apartment rates have increased by 8.5 per cent this year. On average, property prices in Dubai have increased by Dh1,070 per square foot. If you are looking for an apartment in one of the many areas of Dubai, then keep in mind that it is available cheap or expensive.
Jumeirah (up 3.3 per cent)
Downtown Dubai (up 2.5 percent)
Palm Jumeirah (up 2 percent)
People are very fond of investing in these areas.
Along with this, DIFC, MBR City, Dubai Hills, and Business Bay also remain the choice of the people. For villas, people are preferring Palm Jumeirah where there has been an increase of 3 per cent. Jumeirah has seen an increase of 3.5.
The year 2022 has seen an increase of 27 percent
It has been said that the rent of Dubai has seen an increase of 27 percent in the year 2022. High-net-worth individuals (HNWIs) and overseas are investing in the property sector. The luxury property is witnessing an increase of 88.9 in the last two years. Emirate’s main residential areas to see rate hikes of up to 7 percent in 2023
