Dubai's real estate market embodies trend, originality and breathtaking architecture. As 2024 approaches, it will be important for inhabitants & potential investors to learn about the important details of the rising real estate market. The real estate market in Dubai is vibrant and constantly evolving. The surroundings are shaped by an extensive range of trends and influences, from governmental initiatives and economic situations to lifestyle choices. Our blog will cover the top 5 selling areas of Dubai, featuring some of the most desirable neighbourhoods in the city.
Benefits:Business Bay offers a wide range of real estate choices, from opulent penthouses to elegant high-rise apartments and this location hosts iconic structures like the Burj Khalifa and Dubai Mall. This area is a popular choice as this provides a vibrant lifestyle and convenient access to important attractions.
No. of Transactions: Business Bay has 4,792 transactions. Being a desirable choice for business investors, this central business district also appeals to individuals searching for elegant and contemporary homes in the centre of the city. The total transaction value of this area is DH2.3 Billion.
Benefits: A booming tourism destination and real estate area in Dubai. This hidden multi-purpose gem is a famous tourism and investment location given to its amazing architecture, affluent lifestyle and fantastic possibilities for business.
No. of Transactions: With 7,228 real estate transactions in Al Barsha South 4 in 2023. Due to its advantageous location, various affordable housing alternatives and first-rate connections, the area is popular amongst residents and investors.
Benefits:Palm Jumeirah real estate promises lucrative returns with its luxury properties, stunning views of the Arabian Gulf and high-end lifestyle. However, potential investors should carefully consider issues such as location and risk.
No. of Transactions: This upscale neighbourhood persists in its standing as a real estate gem, ranking second in the value of transactions for first sales at AED 2.66 billion. This man-made island has become a representation of Dubai's richness, providing a lifestyle associated with luxury, relaxation and magnificent ocean views.
Benefits:Dubai Creek Harbour, a 1359-acre seaside development, has a mix of residential, commercial, and retail spaces. Equipped with a marina, yacht club, green space and an integrated residential concept. Developed by Emaar Properties, is a well-known real estate community that offers a variety of property alternatives such as villas, apartments and townhouses which is why it is one of the most popular areas.
No. of Transactions: Dubai Creek Harbour estimates the transaction value at AED 1.62 billion. As a waterfront resort, it exemplifies the concept of harmonious urban living, mixing modernity with natural beauty.
Benefits: This beachside residential area in Mohammed Bin Rashid City (MBR City) offers a wide variety of residences including villas, townhouses, mansions, duplexes and apartments in Sobha Hartland. Investors & residents can enjoy beautiful views of the creek, canal and downtown skyline, which creates a peaceful ambience. Developed by SOBHA Realty, a leading Dubai real estate developer, it showcase the best standards and inventiveness in urban living.
No. of Transactions: This area, known for its wonderfully designed properties and natural landscapes, has a transaction worth AED 2.52 billion. The neighbourhood's harmonious blend of modern living and natural settings appeals to those seeking an ideal balance of elegance and calm.
6. Dubai Marina: 6,618 Transactions
7. Wadi Al-Safa 3: 4,140 Transactions
8. Al Khairan First: 3,333 Transactions
9. Arjan: 1,163 transactions
10. Jumeirah Lakes Towers: 765 transactions
Conclusion
As Dubai's real estate market prepares for 2024, the top-selling areas provide a varied range of options. Business Bay is a bustling area with the most famous landmarks, attracting business investors and those seeking a vibrant city lifestyle. Al Barsha South Fourth is emerging as a multifunctional treasure of Dubai, drawing people with its stunning architecture and strategic location. The Palm Jumeirah retains its charm through premium real estate and breathtaking views, whereas Dubai Creek Harbour symbolises harmonious urban living. Sobha Hartland, located in Mohammed Bin Rashid City, provides a beautiful blend of beachfront apartments. Overall, Dubai's real estate market offers an array of choices that accommodate a wide range of lifestyles and financial objectives.
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Villas
Townhouses
AED 4,430,000
Nad Al Sheba
3, 4, 5, 6 & 7
2705 - 8705 Sq Ft
Villas
AED 4,440,000
The Valley
4 & 5
6075 - 11291 Sq Ft
Apartments
AED Coming soon
Dubai Islands
1, 2 & 3
Apartments
AED 1,600,000
Dubai Islands
1, 2, 3 & 4
873 - 1977 Sq Ft
Townhouses
AED 2,690,000
Dubailand
3, 4
2354 - 3158 Sq Ft
Apartments
Studios
AED 717,000
Al Furjan
Studio, 1, 2 & 3
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Studios
AED 737,000
Jumeirah Village Circle
Studio, 1, 1.5 & 2.5
412 - 1142 Sq Ft
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AED Coming soon
Town Square Dubai
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AED Coming soon
Emaar South
Apartments
AED Coming soon
Town Square Dubai
Apartments
AED Coming soon
Dubai Science Park
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AED Coming soon
Dubailand
Apartments
Penthouses
Duplexes
AED Coming soon
Dubai Islands
Studio, 1, 2, 3 & 4
Apartments
Penthouses
Duplexes
AED Coming soon
Mohammed bin Rashid City
1, 2 & 3
778 - 2787 Sq Ft
Apartments
Studios
Duplexes
AED 850,000
Jumeirah Village Circle
Studio, 1, & 2
470 - 4416 Sq Ft
Apartments
Penthouses
Duplexes
AED 4,270,000
Dubai Harbour
1, 2, 3, 4, 5
1216 - 11032 Sq Ft
Apartments
Duplexes
AED Coming soon
Ghaf Woods
2 & 3
1693 - 2489 Sq Ft
Apartments
Penthouses
Duplexes
AED Coming soon
Sheikh Zayed Road
1, 2, 3, 4
1267 - 5629 Sq Ft
Mansions
AED Coming soon
Damac Islands
Villas
Mansions
AED 13,500,000
Dubailand
5, 6 & 7
7207 - 10911 Sq Ft
Mansions
AED 36,610,000
The Oasis
6, 7
19012 - 28502 Sq Ft
Villas
Mansions
AED 14,000,000
District 11
4, 5, 6
6545 - 16085 Sq Ft
Villas
Mansions
AED 25,000,000
Tilal Al Ghaf
6, 7
11730 - 12720 Sq Ft
Villas
Mansions
AED 7,500,000
Mohammed bin Rashid City
4, 5, 6, 7
6858 - 22969 Sq Ft
Apartments
Penthouses
Duplexes
AED Coming soon
Dubai Islands
Studio, 1, 2, 3 & 4
Apartments
Penthouses
Duplexes
AED Coming soon
Mohammed bin Rashid City
1, 2 & 3
778 - 2787 Sq Ft
Apartments
Penthouses
AED 1,700,000
Dubai Maritime City
1, 2, 3, 4 & 5
758 - 4612 Sq Ft
Apartments
Penthouses
AED Coming soon
Dubai Islands
1, 2 & 3
800 - 3519 Sq Ft
Apartments
Penthouses
AED 1,850,000
Dubai Islands
1, 2, 3 & 4
870 - 3797 Sq Ft
Apartments
Penthouses
AED 1,650,000
Rashid Yachts and Marina
1, 2, 3, 4
724 - 2977 Sq Ft
Apartments
Studios
AED 737,000
Jumeirah Village Circle
Studio, 1, 1.5 & 2.5
412 - 1142 Sq Ft
Apartments
Studios
AED Coming soon
Dubailand
Studio, 1 & 2
Apartments
Studios
AED Coming soon
Jumeirah Village Circle
Studio, 1, 2 & 3
Apartments
Studios
AED 1,200,000
Jumeirah Village Triangle
Studio, 1 & 2
Apartments
Studios
AED Coming soon
Business Bay
Apartments
Studios
AED 717,000
Al Furjan
Studio, 1, 2 & 3
Villas
Townhouses
AED 4,430,000
Nad Al Sheba
3, 4, 5, 6 & 7
2705 - 8705 Sq Ft
Townhouses
AED 2,690,000
Dubailand
3, 4
2354 - 3158 Sq Ft
Villas
Townhouses
AED Coming soon
Damac Islands
Villas
Townhouses
AED Coming soon
The Valley
Villas
Townhouses
AED Coming soon
The Valley
Villas
Townhouses
AED Coming soon
Damac Islands
Villas
Townhouses
AED 4,430,000
Nad Al Sheba
3, 4, 5, 6 & 7
2705 - 8705 Sq Ft
Villas
AED Coming soon
The Valley
Villas
AED 4,440,000
The Valley
4 & 5
6075 - 11291 Sq Ft
Villas
Townhouses
AED Coming soon
Damac Islands
Villas
Townhouses
AED Coming soon
The Valley
Villas
Townhouses
AED Coming soon
The Valley
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