Palm Jumeirah, Business Bay among best areas to buy property in Dubai

Page Title Property trends have changed since last year. There are some top names of developers that are trying to maintain their position by striving in this pandemic.

The Dubai real estate market showcased a solid recovery this year, and its hotspots stayed in demand throughout the year given the strategic locations, decent infrastructure, and reasonable prices. According to the most recent data collected by the property portal, Dubai Marina, Business Bay, and Jumeirah Village Circle are among the best places in Dubai to buy a housing property, while Palm Jumeirah, Downtown Dubaia>, and Arabian Ranches are also popular in the luxury sector. When asked about the top performing areas in the Dubai property market, Ata Shobeiry, CEO of Zoom Property, stated that property buyers on a tight budget prefer suburban districts with affordable housing. However, areas near the Expo 2020 site have also picked up the race. "Demand for properties has also increased in more established areas known for providing an upscale lifestyle," MrShobeiry said. Following a brief setback in 2020 due to the global pandemic, the Dubai property market experienced significant growth in 2021. The V-shaped recovery is visible, as demand and prices for properties in various areas rise. Dubai Marina and Business Bay are the most prominen:

Dubai Marina is a popular choice for many people looking to buy apartment property in Dubai 2022 because of its convenient location and availability of modern amenities. According to Zoom Property Insights, the waterfront community continues to draw a lot of attention from buyers and investors. According to reports from leading property portals, Dubai Marina had 1,142 transactions worth Dh2,592 million and 1,543 transactions worth Dh4,020 million in the first and second quarters of the year. In the following quarter, 1,678 transactions totaling Dh5,149 million were completed in Dubai Marina. Another widely known community that managed to remain a buyer's favourite in 2021 is Jumeirah Village Circle. It is close to Dubai Marina, JLT, and Internet City and has properties ranging from mid-range to low-cost.

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