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Dubai’s property market has seen immense growth moving strongly in the upward direction as residential prices and rents are touching the sky for the first time since 2015. The residential market has recorded a huge surge each year and the latest data shows the growth in transaction volumes last months as off-plan and secondary market sales have also seen a huge hike compared to the previous years.

Why the rise in Property Prices in Dubai?

According to the Dubai residential market, property prices will increase by 10.2 percent in January 2022. The major hike in prices is seen in apartments and villas rates also the per square feet is increased in the UAE. This shows the immense growth in real estate and how much profits individuals can return with these investments.

Downtown Dubai has recorded the impeccable sales record and highest average sales rate per square foot for the first time after a long period. However, the Palm Jumeirah villa segment has generated major business with the sale from the sale of villas.

If you are looking to invest in villas Signature Habitat has some of the best properties at amazing prices in Downtown Dubai or Palm Jumeirah. The amazing locality with amenities makes it a well-suited place to live with family or individually.

Why Rents are rising in Dubai?

The growth in the property market has directly affected the rental and in 12 months rental prices have increased by 10.1 percent whereas villas and apartments rents saw an increase by 8.3 and 22.8 percent respectively. Downtown Dubai is the most popular area for apartments as average rents rise while Al Barari has incredible villas and locality is loved by the families and available for rent at a handsome asking rate annually with Signature Habitat.

Property Market Growth is showing an upward trend

The huge growth rate is showcasing the high momentum as transaction volume and prices are increasing in January. The Dubai residential market has continuously seen a high level of activity which shows the market will boost at a higher pace than ever compared to other countries. The rate of price growth might get a moderation but in 2022 it will gain huge momentum and will continue to grow in the upward trend.

The major dominance will be seen in the villa and apartment market and chances are it is going to be more stable. The extremely user-friendly, zero tax, visa holder benefits, the introduction of District 2020 are the major factors contributing to the surge and will be driving the trend at a higher rate than the previous year.

For locals or even foreign investors, this is the right to dwell in the property market with Signature Habitat. The Dubai Government is positively contributing and forming strategies that will strengthen the economy and eliminate the risk which allows the user to secure space at low-interest rates in the UAE.