According to the Dubai Property Market Report by Bayut, sales
prices in Dubai surged by an impressive 24% in the first three months of 2023.
The Dubai Land Department (DLD) recorded 30,767 residential real estate sales
deals worth AED 87.9B (USD 23.9B) during this period, reflecting the robust
growth of the market.
Dubai Marina emerged as the most sought-after area for luxury
apartments, with a 12.5% increase in the average price per square foot,
reaching AED 1,529 (USD 416) in Q1 2023. Meanwhile, Palm Jumeirah witnessed a
rise of 23.3% in the price per square foot for upscale villas, averaging at AED
3,711 (USD 1,010).
Investors seeking high yields found International City to be the
most lucrative option, boasting an average return on investment (ROI) of 9.16%
during the first quarter of 2023. For prime villa rentals, Umm Suqeim
experienced a surge of up to 50% in rental prices across various
configurations, with average rates of AED 271,000 (USD 74,000), AED 315,000
(USD 86,000), and AED 474,000 (USD 129,000) for 4, 5, and 6-bedroom units,
respectively.
Gardenia Residency, within Jumeirah Village Circle, offers a
strategic location and premium amenities, making it an attractive choice for
investors and residents seeking a luxurious and comfortable lifestyle in
Dubai's vibrant real estate market. By leveraging knowledge, persistence, and
understanding clients' needs, real estate professionals can successfully secure
direct deals in this dynamic industry. With Gardenia Residency's offerings and
effective strategies, the journey to securing a direct deal becomes even more
rewarding.
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