Dubai real estate has seen changes this year compared to the last few years, from the decline of residential prices, high ROI to welcoming a number of projects and more. Here are the top 5 performing areas in Dubai that are based on the total of the procedure type (sales and mortgage), property type (land and unit) as well as ready and off plan projects combined, in order:
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Dubai Marina
Dubai’s favorite marina district is number one in terms of top 5 performing areas. Dubai Marina has had 663 number of transactions. The affluent residential neighborhood is known to be a hotspot for families and individuals alike for its convenience comfort in addition to its easy access to the beach and lifestyle amenities.
Some of it’s projects include Emaar Beachfront, Marina Vista, Vida Residences and more.
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Dubai Hills Estate
In second place comes Dubai Hills Estate with 611 transactions so far. Homebuyers and residents are attracted to the Dubai Hills Estate as it is a highly exclusive gated villa community located at the crossroads of Al Khail and Umm Suqeim Roads.
Within one of the most prestigious and sought-after residential destinations in the city, homebuyers and investors have been eyeing its projects like Golf Grove, Executive Residences, Golf Suites and much more.
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Business Bay
Right after Dubai Hills Estate is another popular destination, Business Bay, which reached a total of 588 transactions. A collection of residential and commercial buildings, it is no doubt one of the most popular areas to buy apartments in Dubai.
Projects within Business Bay include The Executive Towers, Bay Avenue, Vision Tower, The Prism, Signature Towers, to name a few, as well as hotels that includes The Radisson Blu Hotel Downtown Dubai and the Oberoi Dubai.
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Downtown Dubai
In fourth place is the city’s busy tourism hub, Downtown Dubai. There have been 479 number of transactions so far. It’s undeniably one of the most sought-out destinations in Dubai and is always populated with residents and citizens, for having record-breaking and iconic landmarks such as The Dubai Mall, The Dubai Fountain, and Dubai Opera
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Jumeirah Village Circle
Lastly, Jumeirah Village Circle takes the fifth spot with a total of 379 transactions. This is a widely known hotspot and is designed to provide a sense of community.
Located in one of the most accessible areas of the city, JVC offers a healthy lifestyle with amenities needed to live life to the fullest and for the whole family.
Dubai’s renowned schools such as GEMS World School, Dubai British School, Dubai International Academy, and American School of Dubai are located very near the development.
For more in-depth information on the Dubai real estate performances, click here.