Jumeirah Village Circle and Al Barsha are showing signs of being the most desired areas to live in, with both areas experiencing a high level of interest from potential residents and demonstrating an increase in average prices.
In the 6 months from April to October 2017, according to a report from Dubai based property portal Propertyfinder, average property prices in Jumeirah Village Circle increased by 4% and in Al Barsha 0.6%.
In addition, JVC remained the most affordable across villa communities in Dubai with prices averaging AED 758 per square foot. Dubai Land was the second most affordable with average prices at AED 845 per square foot. Activity in Dubai Land was also very strong with over 2,500 units handed over in this period.
This is set to continue in 2018 with no slowdown in the number of handovers expected across a host of areas and residents looking to replace monthly rents with mortgage payments.