How property prices fared in Dubai's most popular areas in 2019 - Arabianbusiness:
Dubai Marina retained its title as the most popular area for apartment sales in the city during 2019, while Palm Jumeirah continues to attract the highest number of buyers and investors for villas, according to UAE-based property website Bayut.
Bayut's overview of property prices in Dubai showed that values have continued to become more competitive throughout 2019, resulting in both the number and value of property transactions increasing.
It said the price per square foot in Dubai Marina remained affordable in 2019, reducing by 11.8 percent from AED1,502 in 2018 to AED1,326 in 2019. This contributed to increased transactions in the area which saw sales worth AED8.07 billion in 2019 compared to AED5.06 billion it generated in 2018.
When it comes to the average sales price per square foot for apartments, the luxury area of Palm Jumeirah saw a decline of 16.6 percent from AED1,671 in 2018 to AED1,394 in 2019, Bayut added.
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