Prominent projects being developed by a group of prestigious real estate development companies such as Emaar, Meraas and Dubai Real Estate acquired clear interest in the global market, and real estate on the scheme and secondary real estate in Dubai began to achieve somewhat positive performance in the first quarter of the year 2019.
Market trends indicate that demand is still high for luxury areas such as Dubai Marina, Downtown Dubai and Palm Jumeirah, all of which are listed in the top 10 regions in Dubai. Dubai sales and rental prices fell slightly in the first quarter of 2019 compared to the last quarter of 2018.
The prices of apartment sales in the area of
Apartment sales prices in most areas of Dubai also witnessed modest decreases of less than 6%, with the exception of the regions Business Bay and Jumeirah Beach Residence . The Business Bay area recorded a decrease in sales prices of one-bedroom and lounge apartments by 8.6%, while prices in the Jumeirah Beach Residence area decreased by 6.7%.
At the same time, areas with reasonable prices, such as International City and Dubai Sports City , witnessed an increase in the prices of the lounge and two bedroom apartments. As the prices of these units in International City increased from 690 thousand dirhams to 700 thousand dirhams, while prices in Dubai Sports City jumped from 875 thousand dirhams to 900 thousand dirhams. These two regions provide the highest return on investment in apartments during the first quarter of 2019, at 9.7% in International City and 7.9% in Dubai Sports City.
Studio apartments sales prices in the area of <
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