In Dubai, a positive trend in the purchase and sale of real estate continues. A record number of sales was recorded in the first month of 2023 at 9,800, and in the next month (February), this number increased even more.
Property Finder has compiled a list of areas where apartment searches were most active in February 2023:
- Dubai Marina
- Downtown Dubai
- Business Bay
- Palm Jumeirah
- Jumeirah Village Circle
Those wishing to rent a villa or a townhouse preferred the areas of Dubai Hills Estate, Mohammed Bin Rashid City, Palm Jumeirah and Arabian Ranches.
According to Scott Bond, Regional Manager of Property Finder in the UAE, there is still a stable demand for housing, as well as a growing demand for property acquisition, which is driving the growth of the Dubai property market. The beginning of 2023 has seen a powerful push for the emirate's real estate industry. Growing buyer inquiries, coupled with record success in February, point to a positive future for the Dubai property market and show the emirate as a solid platform for clients.