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Dubai's Real Estate Thrives with Investor-Friendly Initiatives
Dubai's real estate market has witnessed remarkable growth, driven by a combination of factors, including investor-friendly initiatives, enhanced financial and transactional transparency, and a booming off-plan sector. The online platform dubizzle's latest report highlights the top locations for villa and apartment sales, as well as the returns on investments (ROIs) in the emirate.
In the luxury villa segment, Dubai Hills Estate has maintained its position as the premier destination, with an average sales price of AED17.16m ($4.7m). Meanwhile, Business Bay has dominated the luxury apartment market, with an average sales price of AED2.18m ($594,000). Mohammed Bin Rashid City and Dubai Creek Harbour have delivered the highest ROIs for luxury villas and apartments, respectively.
For affordable properties, DAMAC Hills 2 (Akoya by DAMAC) emerged as the top pick for villa communities, with an average asking price of AED1.91m ($520,000). Jumeirah Village Circle (JVC) remained the go-to destination for affordable apartment seekers, with an average sales price of AED1.16m ($316,000). Dubai Investment Park (DIP) led the affordable apartment segment, offering a notable ROI of 11.18 per cent, while affordable villas in JVC yielded an impressive 8.35 per cent ROI.
The report also highlights the continued popularity of Business Bay, Dubai Marina, and Downtown Dubai as the top destinations for luxury apartment buyers, driven by their proximity to iconic landmarks and convenient access to the city center. The data showcases the resilience and growth of Dubai's real estate market, reinforcing the emirate's position as a prime real estate hub.
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