The Dubai property market is experiencing a shift towards more affordable options, with two in five sales now valued at less than AED 272,000. This trend is being driven by a number of factors, including strong demand from first-time buyers and investors looking for more budget-friendly options.
The report from Haider Tuaima, Director and Head of Real Estate Research at ValuStrat, comprehensively analyses the residential, commercial, and hospitality sectors and underscores a market showing robust growth and market activity. Home sales and mortgage applications reached all-time highs, while office and warehouse prices also hit record levels.
Overall, the Dubai property market remains a positive story, with strong demand and healthy growth across all sectors. However, the increasing affordability of residential properties is a notable trend that is likely to continue in the coming months.
Source: arabianbusiness.com