Dubai property market is booming again

UAE

Despite the slow down of the property market due to the Coronavirus, the Dubai property market is booming again.

The sales in the Dubai property market succeed to close around1,824 transactions which worth over Dh3.62 billion or $985.4 million.

 

Off-plan accounted for 72% of all transactions and was dominated by Villanova and Dubai Creek Harbour for villa/townhouses and apartments respectively.

 

The statistics showed that the search demand in Dubai increased by 21% in April especially in Dubai Marina and Plam Jumeirah, followed them the search demand for Downtown Dubai, Dubai Hills Estate, and Jumeirah Village Circle reached to 7.2%, 4.8% and 4.2% respectively.

The search engine also showed the top keyword used by the customers for searching for properties in Dubai are ‘‘ payment plan, sea view, furnished and pool’’ which showed property prosper and investors exiting from the bottleneck. 

 

Since the lockdown due to COVID 19 in March, the searches for villas and townhouses in Dubai in greater than the apartments, This trend continues to grow till the end of April.