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

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.

  • FARMER'S KITCHEN

    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!