The total number of transactions since the beginning of the year until May 2022 amounted to 30,903, which is the highest record ever since 2009. Property prices have increased by 10.9% in comparison to May 2021, with apartment prices growing by 9.6%, while the cost of a villas rose by 19.8%.
Experts consider that beachfront projects and communities
are always in demand both for long and short-term rentals. Emaar Beachfront is in high demand among local residents and foreigners wishing to move to the emirate or make a profitable investment, which will provide a stable income in the near future. The ROI of the area at the moment is 7%, and this number is expected to increase with the development and completion of Emaar Beachfront.
The total number of units in Emaar Beachfront is 10,000, which include studios, spacious apartments, villas and penthouses, and almost all properties are overlooking the Persian Gulf. A range of amenities, including a 1.5km white sandy beach, and a shopping mall with an area of 194,000 sq. ft, as well as easy access to the key areas of Dubai, are the main factors as to why people are wanting to purchase a property in this area.