Which is the best property to buy in Dubai in 2022?
Villas and apartments in palm Jumeirah, JBR, Arabian ranches, the lakes and emirates hill are the best areas to buy property in Dubai in 2022, according to real estate Dubai analysts. These sectors recorded double-digit growth in price appreciation and transactions.
In real estate market, Villas at Arabian ranches showed a 34.1% year on year increase in property values and a 58.9% growth in transactions. Meanwhile lakes recorded a 31.2% increase in prices and 16% increase in sales transactions. Similarly, apartments at Palm Jumeirah and JBR recorded 17.3% year on year price gains and 14.6% growth in capital values respectively. They accounted for 131.1% and 68.1% of their sales transactions.
The strategic locations, affordable rates and modern infrastructure of these areas are the reason why these areas will continue to be the prime areas of Dubai in 2022 in real estate market, according to property insights.
Many single professionals have started moving into these areas as residential units are larger at cheaper rates. The effects of the pandemic have prompted people to buy larger homes in less populated and congested areas. Look out for mixed-use, suburban and isolated communities for the best areas to buy property in Dubai.