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Evolution of the Arab real estate market in Dubai

Evolution of the Arab real estate market in Dubai

Leading real estate analysts in Dubai note the undeniable growth and development of the Arab real estate market caused by foreign buyers. What is happening on the market cannot be called anything other than evolution: people buy houses for living, then rent them out for several years, and then move to larger objects, creating a mature real estate cycle.

In June, Dubai's robust real estate market continued its rapid recovery, with prices rising by 2.1%, which was the eighth monthly surge in a row, as the number of transactions reached the best indicators since December 2013, when 6,389 transactions were registered.

Average prices in June were 928,848 AED for apartments, 1.7 million AED for townhouses and 3.4 million AED for villas.

Despite the undeniable success, the market recovery remains uneven. Especially strong growth is observed in the villa market. Nevertheless, the recovery is expected to continue at a more sustainable pace throughout Dubai until the end of 2021.

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