Dubai sees rise in demand for homes priced below AED 1 million

Wednesday, 5 February 2020 19:12

Studios and one-bedroom apartments were the most sold residential units in Dubai last year.

That's according to the real estate portal Property Finder's Data Finder, which shows that 41 per cent of the overall 37,788 residential transactions in 2019 were for units under AED 1 million.

The report found that Jumeirah Village Circle (JVC) registered the highest number of sales transactions (1,473) for properties in this price segment.

International City, Meydan and Business Bay were some of the other popular areas.

More from Business

UAE advances agentic AI project targeting 50% of government operations

The UAE has launched the strategic phase of its agentic AI project, which aims to convert 50 per cent of federal government operations, services and tasks to AI-driven models within two years.
Dubai Business Forum – China to be held in Shenzhen in October

Dubai Chambers will host the Dubai Business Forum – China in Shenzhen on October 14, bringing together government officials, business leaders and investors from the two markets.
UAE-BRICS non-oil trade tops $312 billion

UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
ADNOC affirms commitment to meeting customer requirements despite challenges

ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.