Here are the areas in Dubai with the highest value of transactions in 2019.
Words by Ankita Bhowmick in The Market · Jan 14th, 2020
With 2019 coming to an end, let's have a look at those areas in Dubai which turned out to be amongst the most popular ones when it came to buying of properties. The data supplied is from Property Monitor.
1. Mohammed Bin Rashid City (Aed 8.01 Billion)
The master development of Mohammed Bin Rashid (MBR) City was the most popular community when it came to purchasing of property. It sold 4,271 properties worth AED 8.01 billion in 2019. The community focuses on theme parks, retail, art, along with an environment for sustainability and entrepreneurship.
District One hosts crystal lagoons, sublime beaches, sweeping parklands and breathtaking architecture in the form of Modern Arabic, Mediterranean and Contemporary design. The Mediterranean villas on feature are inspired by the Italian, Greek and Spanish style homes.
Sobha Hartland is another part of MBR City and is the only community on Dubai Water Canal that offers freehold villa, quad homes and apartments. The community covers an area of 8 million square feet and complements the residents with quick access to the hotspots of the city.
Also part of the community, Dubai Hills is a mixed-use development that is set around an 18-hole championship golf course. Hosting one, two and three-bedroom apartments, Dubai Hills features vast stretches of elegant, landscaped parks and gardens, winding walkways, and large open areas. It is also home to a commercial centre, high-end retail centres, hotels, educational institutions, healthcare facilities, mosques and restaurants.
2. Downtown Dubai (Aed 7.93 Billion)
Next on the list the most popular area to buy properties in Dubai is none other than the upscale-inspired urban concept of Downtown Dubai. The community had a sale of 2,372 properties worth AED 7.93 billion. Featuring a number of Dubai's unrivalled attractions like Burj Khalifa, Dubai Mall and Dubai Opera, the community also offers an array of housing, entertainment, retail and dining options. It is an ideal abode for business-centric, high-earning individuals.
3. Business Bay (Aed 5.5 Billion)
Located minutes away from the vibrant Downtown Dubai, Business Bay hosts several skyscrapers and is known as Dubai's new centre of business and trade. The location also features a new yacht and sailing boat dock on the new canal. Hosting a range of residential units, Business Bay had a sale of 2,050 properties worth AED 5.59 billion during 2019. The community is also home to internationally acclaimed hotels that offer a buzzing nightlife.
4. Dubai Creek Harbour (Aed 4.25 Billion)
The waterfront community of Dubai Creek Harbour is situated on the banks of the historic Dubai Creek. A perfect combination of dynamic experiences, innovation, and iconic design, the community hosts world-class homes and therefore is one of the most popular areas to buy properties. Dubai Creek Harbour experienced a sale of 2,466 properties worth a total amount of AED 4.25 billion. It is an ideal place for families with children as well as for single professionals.
5. Palm Jumeirah (Aed 3.69 Billion)
Palm Jumeirah is a man-made island and is also the self-declared eighth wonder of the world. The island is palm-shaped that has strategically increased the length of Dubai's shoreline by 100% by covering an area of 7 million square metres while extending 6.5-kilometres into the Arabian Gulf. It features a trunk with low rise residential apartments and sixteen fronds that are home to villas. Extremely popular among those with deep pockets, Palm Jumeirah witnessed a total sale of 904 properties, worth AED. 3.69 billion.
6. Dubai Marina (Aed 3.08 Billion)
The upscale waterfront community of Dubai Marina hosts a stretch of yachts, restaurants and stores on a strip and is located directly adjacent to The Beach, behind Jumeirah Beach Residence (JBR). Dubai Marina is considered immensely popular when it comes to buying properties owing to its cosmopolitan, free-spirited atmosphere and its unique, invigorating lifestyle. The community had a sale of 1,620 properties in 2019, worth AED 3.08 billion. It is also strategically located on Sheikh Zayed Road and is a short drive from the tourist destinations of the city.
7. Dubai Harbour (Aed 2.36 Billion)
Located in Mina Al Seyahi, Dubai Harbour is a new development on King Salman bin Abdulaziz Al Saud Street, between Jumeirah Beach Residence and Palm Jumeirah. The largest marina in the MENA region will open in October 2020 and feature an 875,000 square feet shopping mall, an events arena, hotels, restaurants, cafes and a yacht club. During 2019, Dubai Harbour witnessed a sale of 940 properties which valued AED 2.36 billion.
8. Jumeirah Village Circle (Aed 2.35 Billion)
Situated in the heart of new Dubai, Jumeirah Village Circle (JVC), offers luxury living within a tranquil community. The community is a compact and gated one and is home to more than 2000 sprawling luxury villas and exclusive townhouses that are complemented with exquisite amenities. JVC, being quite popular among property purchasers, had a sale of a total of 1,963 properties in 2019, which were of worth AED 2.35 billion.
9. Dubai South (Aed 2.02 Billion)
The 145 sq.km. master development of Dubai South is a self-containing district. The main part of the community hosts the Al Maktoum International Airport. It features a number of sub-areas that are dedicated for residential and commercial purposes. Popular among home buyers, the community witnessed a sale on 2,050 properties that are worth AED 2.02 billion. Part of Dubai South is Emaar South, offering 15,000 residences in the form of a new concept of tiered townhomes and standard townhouses. It also hosts standalone villas and apartments that will provide the residents with stunning views of 18-hole championship golf course, that is situated within the community.
10. Jumeirah Lake Towers (Aed 949 Million)
Preferred by a large number of population to invest in properties, Jumeirah Lake Towers (JLT), is home to 72 towers that are constructed along the edges of four artificial lakes, Lake Almas West, Lake Almas East, Lake Elucio, and Lake Allure. The towers range from 35 to 45 floors except for the centerpiece which is 66 floors. They are placed in clusters of two or three and features a total of 25 clusters. A wide range of fine-dining and retail options along with well-connected public transport links makes JLT one of the favourite of Dubai's residents. During 2019, JLT sold a total of 996 properties, worth AED 949 million.