Dubai Weekly Property News Round Up – 21.01.23

Hello,

I hope you have had a productive week. We are excited to announce a fantastic new selection of premium Dubai investment opportunities has been added to our portfolio. Dubai has some of the world’s most enviable real estate, at competitive prices and with an incredible range of onsite amenities.

If you are interested in finding out more about our latest property deals, reply to this article today.

Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you from having to click through.

Episode 54: House Price Predictions For 2023 & End Of Year Review – The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

Remember, you can also listen to this week’s newsletter on the podcast as well.

We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property Headlines This Week

  • $3.2 Billion of Dubai Real Estate Projects Completed Last Year – A recent government report has revealed real estate projects totalling $3.2 billion in 2022. This shocking figure came from record transaction numbers, which achieved the highest value ever seen in property transactions in a single year. Last year saw a 57% growth overall in the sector and currently, 350 more real estate projects are being developed in order to match the skyrocketing demand. The record numbers seen last year are proof of global confidence in Dubai as being one of the world’s best property investment destinations.

 

  • Top Dubai Locations for the Highest Property Investment Returns – According to a new report released by Bayrut.com, International City and Dubai Marina are two of the top areas for rental yield investment in the UAE. These two locations reflect options for both the luxury and affordable segments, with flats in International City generating an average 9.22% ROI and residential units in Dubai Marina projected to offer 7.04%. For investors looking for budget-friendly villas, Jumeirah Village Circle generated the highest ROI  6.9% in 2022 and is still incredibly popular.

 

  • Where Are the Most Affordable Places to Live in Dubai? –  Exploding investor interest and a growing volume of rental occupants in Dubai have resulted in a massive growth of 76.5% in real estate transactions since the end of 2021, and rental prices are climbing. Currently, JVC, Bur Dubai and Deira are the most affordable locations for renting an apartment in the city, while DAMAC Hills 2, Mirdif and Dubailand are the most affordable for villa rentals. JVC has won out on being the best location to buy both apartments and villas, and it also offers the highest ROI for villa investments.

 

That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected]  – if not, see you next week.

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