Infographic: Dubai Marina Market Trends. Q1, 2021

Georges El Hachem - April 15, 2021
The demand for property in Dubai is once more on the rise in 2021 after a challenging year across the globe for a myriad of industries. Property transactions surged as the year opened, with a 15% increase in transaction from the same period last year, and a 6% increase from Q4 of 2020. This proves the thirst for real estate investment in Dubai is as strong as ever, and is a ringing endorsement for the policies and procedures put in place by the government to tackle Covid-19 within the city.

Dubai Marina remains one of the most popular destinations in the city, with 647 total units being sold to the value of over 1bn AED in the first quarter of the year. The most popular section of the Marina in Q1 proved to be The Residences at Marina Gate. A total of 15% of all units bought in the Marina in Q1 were located here. In terms of unit type, 1 beds were particularly popular in the quarter, with 34% of all units purchased being of that variety. With such a pickup in the market at this stage of the year, the expectation is 2021 will continue to be a strong year for the real estate industry.

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The Author

Georges El Hachem - Director, Commercial

Georges joined Select Group as Commercial Director in 2020. He has over 18 years’ experience in destination management and expert knowledge across an array of industries including hospitality, tourism and MICE. He has a deep understanding of the GCC, and the buying behavior of the international visitors to the region.