After the Dubai real estate market recovered and rebounded this year, demand for its key areas remained strong throughout the year thanks to their strategic locations, modern infrastructure, and affordable rates
The latest data collected by the property portal showed that Dubai Marina, Business Bay Crossing, and Jumeirah Village Circle are among the best areas to buy residential units in Dubai, while Palm Jumeirah, Downtown Dubai, and Arabian Ranches, in the luxury categories, are just as important.
The demand for real estate has also increased in well-furnished areas that have been modernized to provide a luxurious lifestyle. The real estate market in Dubai witnessed significant growth in 2021 after a short period of decline in the year 2020 due to the global epidemic of Corona. This recovery, which took the form of the letter V. It is clear and evident that demand and real estate prices in various regions are on the rise.”
Altogether, residential real estate prices jumped around 21 percent in 2021
Dubai Marina and Business Bay crossing at the top
Thanks to the ideal location and the availability of modern amenities, Dubai Marina has become the preferred choice for many who wish to own real estate in Dubai. Waterfront properties have also remained a magnet for buyers and investors,
According to reports from leading real estate agencies in Dubai, Dubai Marina recorded 1,142 deals worth 2,592 million dirhams, in addition to 1,543 deals worth 4,020 million dirhams during the first and second quarters of 2021. During the third quarter, 1,678 deals were concluded, with a value of 5,149 million dirhams.
The mixed-use Business Bay Crossing area provided high-end apartments to rank as the second most popular in Dubai, with two of the most expensive apartments sold in Dubai during the third quarter of 2021. They are valued at approximately 40 million dirhams, and 37 million dirhams are part of the Volante and Dorchester Collection Dubai projects.
Jumeirah Club
Jumeirah Lake Towers (JLT), Jumeirah Park, and Jumeirah Islands have succeeded in maintaining their positions in the top ten clubs as they have been very popular throughout the year by investors and end-users.
Together, these regions recorded sales figures of about 114 million dirhams, 290 million dirhams, and 259 million dirhams, respectively, during the first three quarters of 2021.
real estate experts Insights expects the fourth quarter to witness the same increase, thanks to the remarkable activity in the real estate market in Dubai.
Jumeirah Circle is one of the popular areas that attracted buyers in 2021. It is located in close proximity to Dubai Marina, JLT, and Internet City and is characterized by its affordable mid-value properties.
Well-being has a huge impact
Palm Jumeirah, the largest man-made archipelago, has maintained its position among the leading areas that attract property buyers in Dubai. Real estate in the area is known for its impressive levels of luxury, and during the third quarter, the most expensive apartment sold for AED 72 million while one of its villas sold for AED 77 million.
Arabian Ranches is also one of the areas that enjoy the wide appreciation for its luxury villas and homes. It remained one of the first options for buyers and investors during the year 2021. It is scheduled to announce a new group of villas at the end of the first quarter of 2022, which will ensure a significant increase in sales.
Among the prominent names among the leading areas that enhance the real estate market in Dubai are Damac Hills, Emirates Hills, Downtown Dubai, International City, Mohammed Bin Rashid City MBR, Dubai Hills Estate.
Its proximity to major landmarks, modern amenities, and the possibility of achieving a good investment return is among the main reasons why these areas are gaining great popularity among real estate buyers. real estate expert Insights notes that these key reasons are expected to drive the real estate market forward in 2022 as well.
Copperstones Properties 
