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Zoom Property Insights data on the Dubai areas set to stay popular in 2023. Palm Jumeirah leads apartment price gains, while Emirates Hills tops villa growth.
According to data from Zoom Property Insights, the apartment market recently saw Palm Jumeirah register the biggest price increase, at 5%. MBR City, Meydan City, and Living Legends came after it. The average house price increased in all of these localities by 4.7%.
Emirates Hills saw the largest rise, of 4.6%, in villas. Other significant areas included Mudon (4.1%), Jumeirah Village Circle (3.9%), and MBR City (3.1%).
The Old Town, Dubailand Residence Complex, Green Community (DIP), and Downtown Dubai had the highest rental apartment occupancy rates, at 4.9%, 4.6%, 4.5%, and 4.4% respectively.
The Sustainable City (4.9%), DAMAC Hills (Akoya) (4.8%), The Villa (4.8%), and Reem (4.7%) remained the popular choices for renting villas.
Besides the aforementioned areas, Jumeirah, JBR, Arabian Ranches, and Dubai Marina are expected to drive the property market in 2023.
