Emaar, one of Dubai leading real estate developers, headed the top real estate. The share of objects sold was 20.4% of the number of sold housing objects.
According to the latest ValuStrat analysis, villas in Dubai are showing the highest annual capital gains amid strong demand. According to the publication, at the moment, the growth of the cost of residential capital is actively continuing in Dubai, since the villas are in the lead with the highest growth in the last 6 years.
Real estate sales in Dubai have shown positive momentum since the new COVID-19 measures were introduced last year. Demand was driven by strong interest from international and domestic buyers and improved market sentiment.
Residential complexes in demanded premium areas showed double growth in July 2021. The top-selling villas were Arabian Ranches - 16%, followed by Dubai Hills Estate - 14.3% and The Meadows - 12.7%.
In apartmentssegment, which accounts for 87% of the residential real estate market in Dubai, the most in demand were properties in Jumeirah Beach Residence (JBR) - 3.4%, Palm Jumeirah - 3%, Al-Furjan ) - 2.5%.