Dubai’s Property Market Leans Toward Affordability

Dubai's Property Market Leans Toward Affordability

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

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Amina Al-Mulla

Amina Al-Mulla is a seasoned journalist with a passion for uncovering the vibrant stories of Dubai's dynamic career landscape. With a keen eye for detail and a knack for connecting with people, Amina has been a driving force in shedding light on the diverse experiences of employees and employers in the emirate.

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