Here Are Dubai's Top Areas for Villas and Apartments

  • Publish date: Tuesday، 10 January 2023
Here Are Dubai's Top Areas for Villas and Apartments
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Zoom Property Insights Dubai showed that Business Bay led the chart for the highest sales in 2022 and the prime area is expected to continue its supremacy in 2023.

Business Bay had more than 10,300 real estate transactions valuing Dh17.6 billion at an average price of Dh1.2 million. Dubai Marina, JVC, and Downtown Dubai are expected to perform well in the new year arethe report added.

Top areas for apartments

Business Bay was the best area for apartments with 9,300 transactions. The average price of apartments here was recorded at Dh1.3 million, while the total value of transactions amounted to Dh14.6 billion.

It was followed by Dubai Marina which recorded 7,320 transactions at an average price of Dh2.1 million, and JVC which had 5,690 apartments sold at Dh642,000 as the average price.

Downtown Dubai, Dubai Creek Harbour, and Palm Jumeirah are expected to perform equally well in 2023 as well.

Top areas for villas

Jabal Ali First topped the list with 2,210 transactions at an average price of Dh2.9 million. Dubai South grabbed the second spot with 1,485 transactions.

The average price of villas in this community was Dh1.8 million. Villanova and Arabian Ranches also raked in high numbers with 1,178 and 1,155 transactions, respectively.

Mudon, Dubai Hills, Tilal Al Ghaf, and Emirates Living were other notable communities for villas in 2022.

Dubai has seen 97,400 real estate transactions worth a whopping Dh265.7 billion in 2022, with many residents and investors opting to buy property in the heart of the city.