Dubai Marina is the most sought-after area in Dubai to buy real estate

The most sought-after areas in Dubai for buying real estate are Dubai Marina and Jumeirah Lake Towers (JLT)

One-bedroom apartments have become the most popular option in the Dubai real estate market in 2023. According to statistics, they account for 47% of transactions in the off-plan real estate market and 43% in the finished housing segment, whilst studios and 2-bedroom apartments are the second and third most popular. At the same time, studios are more often bought for investment purposes.

Two-bedroom apartments account for 28% of transactions in the secondary market and 25% in the off-plan real estate sector. Studio sales account for 18% of the total number of transactions in the off-plan market and 15% of completed property. The investment attractiveness of studios can be explained by the lower cost of housing compared to apartments and the high demand for short-term and long-term rentals by both tourists and residents.

According to expert reports, in 2023, the most sought-after areas for buying real estate were Dubai Marina, Jumeirah Lake Towers (JLT), Jumeirah Village Circle (JVC), Business Bay, Dubai Hills and Dubai Creek. These areas are popular with buyers and investors for both off-plan real estate and the secondary housing market.

Dubai Marina also occupies a leading position in which real estate generates a high income for its owner, and Jumeirah Lake Towers (JLT) ranked second place in this ranking. Experts believe that the demand for real estate in Dubai Marina is as a result of its excellent infrastructure, a wide range of real estate, developed public transport and its close proximity to the sea. These advantages, despite the higher cost of housing compared to JLT, make the area more attractive for permanent residence and investment.

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