Prices of Residential Plots in Dubai jump up to 60% as some areas reach their full capacity.

Dubai’s housing market is super busy right now because lots of people want to build houses and apartments. The prices for these building plots have gone up a lot, especially in fancy areas like Business Bay, Downtown, Marina, and Palm Jumeirah.

In some of these prime spots, there are hardly any plots left for new buildings. The demand is so high! The places along the E-11 highways, like Marina and Palm Jumeirah, are especially popular, and the prices for houses by the beach have shot up.

What’s interesting is that many new developers from Europe, Asia, and the Middle East are joining in to invest in Dubai’s property market. They see a chance to make more money. This has made the demand for building plots even higher. Big communities, like Emaar’s $20-billion The Oasis and Azizi Developments’ Dh30 billion Venice, have popped up, making more people want to build houses.

John Allen from Asteco, a company that helps with property valuations, says that prices for luxury areas like Jumeirah Bay, Palm Jumeirah, Pearl Jumeirah, and La Mer South Island have gone up a lot—around 25% to 30%. Jumeirah Bay is even higher at 45% to 50%.

It’s not just the fancy places by the beach; even non-beachfront plots in Pearl Jumeirah have become more expensive. In areas like Emirates Hills, where there aren’t many plots left, people are competing more to get them. They’re also looking at old places to fix up and make new.

In areas where people can build their own houses, like The Villa, Jabel Ali Hills, and Al Mamzar, the prices have gone up by about 15% to 25% in a year. So, it’s a pretty lively time in Dubai’s real estate world!

Repair Work on Kahuta Road to begin soon.

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