Downtown Dubai Q1 2023 Market Report

The haus & haus property experts have put together this market report with complete insights, trends, and stats for Q1 2023. Get ready to make informed decisions in the market.

Downtown Dubai is one of the most sought after communities in the emirate thanks to its central location, numerous landmarks, and outstanding amenities. Neighbouring DIFC and Business Bay, Downtown continues to attract homeowners and investors. We have seen an 11% increase in price per sq.ft during Q1, especially in branded residences such as Address Fountain Views and Address Boulevard.

There has been a rising demand from investors purchasing 1 bedroom apartments and turning them into holiday rentals, likely because of the high ROI in the area. 1 and 2 bedroom apartments were the most popular properties, making up nearly 80% of all transactions. Despite all the new developments, Old Town is still sought after by people looking for low rise living.