Areas of Dubai where real estate prices have risen the most

According to Realiste's AI statistics, five neighborhoods in Dubai showed best results price increase.

The report states that Bukadra Part 2, Sobha Hartland, Al Warsan First, Dubai Harbour and Al Kheeran, are likely to show the highest price growth in Dubai in the fourth quarter.

According to AI platform Realiste, Bukadra Part 2, located south of Dubai Harbour, next to the Ras Al Khor industrial zones, has a the highest projected real estate price growth among all listed neighborhoods. In the fourth quarter of 2023, the expected price growth is 8.12%. "As the area is predominantly new-builds, annual rental yield analytics are being prepared, but it can already be noted that the lowest average price per square meter is for 3-bedroom apartments at AED 22,497 (US$ 6,125) and the highest is for 1-bedroom apartments at AED 24,919 (US$ 6,784). Forecast, The average price for a 1-bedroom apartment will rise to AED 24,323 (US$ 6 622) , and for a 3-bedroom apartment up to AED 26,941. (US$ 7 335).

Prospects for medium price growth in Sobha Hartland is 8.05%. Analytics are available for four apartment types in the neighborhood, and their annual rental yields are about the same. "Studios stand out slightly with a yield of 5.7%. The situation is similar to the average price per square meter: The highest price in 3-room apartments and the lowest in studios is AED 20,387 (US$ 5,550).», according to the report.

According to the forecast, property prices in Al Warsan First, also known as International City, are likely to increase by 6.99% in the next quarter. The highest annual rental yield here is for 3-bedroom apartments at 7.6% , while 1-bedroom apartments have the lowest yield at just 3%. "The lowest average price per square meter is also seen in 3-bedroom apartments, starting at just AED 6,318 (US$ 1,720), while for other apartments it will be from AED 10,420 (US$ 2,837)," the report notes.

The fourth quarter of 2023 is expected to be in the On average, the number of apartments in Dubai Harbour will increase by 6,18%. "The building class is rated at a high 98% and the build-out rate at 2.4%," the report states. Like Al Kheeran, in this neighborhood, Realiste's platform provides information for properties such as 1, 2 and 3-bedroom apartments. 1-bedroom apartments offer the highest annual rental income at 5%, on par with 2-bedroom apartments. The highest average price per square meter for 3-bedroom apartments is AED 42,001 (US$ 11 435).

In Al Kheeran, also known as Dubai Festival City, the average price per square meter is forecast to rise by 5.58% in the next quarter. In this neighborhood, data is available for properties such as 1, 2 and 3 bedroom apartments. "The most profitable rental option here is the 1-bedroom apartment, offering an impressive yield of 7%, outperforming 2-bedroom and 3-bedroom apartments with yields of 4.5% and 5.1% respectively," the report states.