Dubai has witnessed exceptional success and a surge in its Real Estate Marketing in Q1 2023, it saw record-breaking numbers in terms of sales transactions & sales value compared to any other market globally. It is interesting to see which of the top areas of Dubai performed better in Q1 2023 in terms of sales transactions and sales values in Q1 2023.
Jumeirah Village Circle:
In Q12023, JVC recorded the highest number of transactions (3310), a testament to its enduring popularity among homebuyers.
Business Bay has become a popular location for real estate investments in Dubai, as evidenced by the second-highest number of transactions (2752) in Q1 2023. The sales value of Business Bay was also second highest among the top 5 areas in Q1 2023 as it collected whopping AED 4,917M in Q1 2023.
Dubai Marina has emerged as a popular residential and commercial destination in Dubai, which is why it has witnessed the third most transactions in Q1 2023 with 2287 transactions. This area is known for its luxurious high-rise buildings and a waterfront promenade that offer stunning views of the marina.
Dubai Creek Harbour:
With its impressive range of offerings, it is no surprise that Dubai Creek Harbour has become one of the most sought-after communities for real estate investment. The fact that it has the fourth most transactions in Q1 2023, with 1758 sales, is a testament to its popularity and desirability among buyers.
Its strategic location provides easy access to major transportation routes, making commuting to other parts of Dubai a breeze. These factors, combined with the reputation of DAMAC as a trusted and reputable developer, have made it a popular choice among property buyers, resulting in it being the fifth most chosen area in Q1 2023, with 1351 transactions.