A report attributed it to its strategic locations, infrastructure and prices

"Palm Jumeirah" and "Business Bay" are among the best areas to buy real estate in Dubai

Dubai Marina is the preferred choice for many who want to own real estate in Dubai.

From the source

A report by the portal "Zoom Property Insights" stated that the real estate market in Dubai recovered and rebounded this year, and the demand for its main areas remained strong throughout the year thanks to its strategic locations, modern infrastructure and reasonable prices.

The latest data collected by "Zoom" showed that "Dubai Marina", "Business Bay Crossing" and "Jumeirah Village Circle" are among the best areas to buy residential units in Dubai, while "Palm Jumeirah" and "Downtown Dubai" are considered. And the "Arabian Ranches" area, which has luxury categories, is just as important.

Atta Shbeiri, CEO of Zoom Real Estate, said, “Real estate buyers with limited budgets mostly preferred suburban areas with affordable housing units.

Despite this, the areas closest to (Expo 2020 Dubai) also attracted many.”

Shabri added: “The demand for real estate has also increased in well-furnished areas that have been modernized to offer a classy lifestyle.

The real estate market in Dubai witnessed significant growth in 2021 after a short period of decline in the year 2020 due to the Corona epidemic.

This V-shaped recovery is clear and evident, as demand and real estate prices in various regions are on the rise.”

In total, residential real estate prices witnessed a jump estimated at 21% during the first ten months of 2021.

Thanks to the ideal location and the availability of amenities, Dubai Marina has become the preferred choice for many.

Waterfront properties have also remained attractive areas for buyers and investors.

Dubai Marina recorded 1,142 deals worth 2.59 billion dirhams, in addition to 1,543 deals worth 4 billion dirhams during the first and second quarters of 2021. During the third quarter, 1678 deals worth 5.149 billion dirhams were held.

Zoom Property Insights indicated that preliminary estimates indicate that the fourth quarter of 2021 will witness the same pace.

The Business Bay Crossing area provided high-end apartments, ranking second among the most popular in Dubai. Two of the most expensive apartments in Dubai were sold during the third quarter of 2021. Their value is estimated at 40 million dirhams, and 37 million dirhams.

• Buyers of real estate preferred suburban areas with affordable housing units.

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