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The property prices in Dubai have broken the records during February. The transaction volume is the highest recorded in the two months of the year. The average prices of the property are higher where apartment and villa prices are touching the sky which shows it’s the best time to retain high returns on investment.

Where are the prices rising in Dubai?

The biggest price rise is recorded in the apartment sector followed by 3 percent, also Jebel Ali at 2.8 percent, Jumeirah Dubai Festival, and Meydan City at 2.7 percent. In-villa sector, Jumeirah Village Circle properties are drastically rising at an average of 3 percent while Palm Jumeirah Villa is the most expensive in Dubai per square foot by 2.9 percent. Downtown Dubai is the most expensive area per square foot for an apartment in the Market 2022 March month report.

What factors are contributing to rising prices?

The UAE property market is rebounding at a higher pace with the government initiative which has led to economic growth. The government has issued residency permits, citizenship by investment program, the economic boost from the Expo 2020 is the major contributing factor and led to high-profit generation in Dubai.

The UAE market has benefited from the early vaccination program as compared to other countries across the world. This allowed the businesses to bounce back at a higher pace than before. Remote working requires accommodation with various amenities and bigger space to work flexibly which has created huge demand in the real-estate sector.

In the year 2022, the change in the payment plans tighten also the increase in mortgage rates. Despite this, the residential transaction activity has crossed the records. The growth of new business after the spread of the Omicron variant affected the market but not at a higher scale and the economy survived. 

The economy expanded in the UAE and has directly affected the property market. The real-estate sector is thriving which presents enormous opportunities for individuals to lease or buy the space by connecting with Signature Habitat and generate high returns on investment. 

The value of property deals in Dubai has doubled as compared to the last year and broke the 12-year sales record. The Emirates has registered over 61,241 sales value of Dh151.07 billion in 2021 which is the best year for total transactions since 2013 and the highest since 2009. Investors should invest in the Dubai property market considering the current situation and with the developments taking place it is wise to invest your money in retaining the best commercial and residential properties with Signature Habitat in UAE.

They are industry experts who will provide you with the best within the specified budget with all amenities and also can help you with various other things. The property market has hit the highest sales in 2021 with upcoming investments and initiatives by UAE Government it will surpass every other country in no time.