The Dubai Real Estate Market has record sales and rental prices. According to the Dubai Land Department, District One recorded the highest rent in recent times. The mansion was rented for $2 million. This is one of the indicators of increased interest in this community.
Last year, buyers invested over $27 million in District One real estate. At the same time, the prices for real estate in the MBR City structural project are high. Spacious villas with six or more bedrooms are available for $30 million. In 2021, the cost of housing increased by more than 40%, and luxury real estate rose by 60%.
The situation is similar in the rental market. Expo 2020 has attracted millions of visitors interested in comfortable real estate in the UAE. Many foreign citizens decided to change their countries due to the pandemic and related restrictions. If in 2020, multi-bedroom villas were rented for $100,000 or more per year, in 2021, these figures doubled.
The area's attractiveness is connected not only with its developed infrastructure but also with its location. It has about 500 villas.
