2021 showed record sales in the Dubai real estate market. It has become unique not only in increasing demand and prices but also in changing the interests of clients from compact apartments to spacious villas.
According to the largest consulting agency Core, the economic situation in the United Arab Emirates spurs interest in all asset classes in the real estate sector. The report says that 37,000 residential units, including 5,900 villas, were commissioned in 2021. Experts expect similar figures in 2022.
At least 36,000 housing units will be sold this year. However, this figure will likely change in the future. There is an increased demand for villas, which also reduces the supply. Developers seek to accommodate buyers' preferences, but the limited size of the area does not meet all their needs.
New luxury development projects continue to be launched to take a leading position in the Dubai housing market, as it was in 2014. However, their commissioning is planned for 2023-2024, when prices are likely to increase significantly. Therefore, investing in high-end real estate is more profitable right now.
