BackDubai has proven its resilience, becoming the fastest rebounding economy in the GCC. This has allowed the city to attract a significant number of individuals, both as investors, and for people choosing to live here. This has had an extremely positive effect on the real estate market, with it being a record quarter in terms of the overall transaction volume.
One key trend that we are seeing is a significant increase in the number of transactions in the prime and super prime segment with particularly high levels of activity for beach and waterfront properties. Palm Jumeirah was the most in demand, taking the highest market share within the luxury market, however Pearl Jumeirah, Jumeirah Bay Islands, and Emaar Beachfront have all seen growing interest.
For more insights into the Dubai property market, take a look at our latest report.