BackAs the peak season for travel, summer is typically seen as a slow season for Dubai real estate. Palm Jumeirah has defied that trend and has remained hot in more ways than one, seeing the largest volume of transactions in over 10 years. This growth can be attributed to the large influx of international buyers, who see Dubai as a highly desirable place to live and want to find their ideal home during a time when the city is a bit quieter overall.
With that being said, there is still a clear lack of supply to keep up with this demand, which has resulted in property prices seeing a sizable increase, with villa prices jumping up by 48% and apartments by 25%. As we head into the ‘selling season’, which is one of the busiest periods for the real estate market, it is expected that both transaction volume and prices will only continue to rise.
To get a more detailed analysis of Palm Jumeirah’s property market, then be sure to read our latest market report.