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

istock/Natee Meepian

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

Coming Up on Dubai Eye

  • Farmer's Kitchen

    10:00am - 11:00am

    Helen Farmer's teamed up with Spinneys to bring you amazing dishes to cook at home using ingredients from the stores. Listen to Farmer's Kitchen and learn how to recreate recipes made by top UAE chefs.

  • The Best of Dubai Eye 103.8

    11:00am - 8:00pm

    Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

On Dubai Eye

  • WATCH: Rafael Nadal makes WhatsApp group confession

    Chris heads to Kuwait to chat to Rafa Nada,l a winner of 19 Grand Slam titles, including an unprecedented 12 French Open crowns.

  • How a Dubai Mum got the Burj Khalifa to light up Blue

    A Dubai-based British mother has told Dubai Eye how she got the world’s tallest building to put the spotlight on a rare genetic disorder.

Business Breakfast