– Community Trends
This report focuses on Downtown Dubai and Palm Jumeirah as two communities that contribute significantly to Dubai’s ready property market (in terms of transaction volume). Further, these are two communities with the most clear-cut definitions of what constitutes a “premium view” – in the case of Downtown Dubai, this is a view of the Burj Khalifa, and in Palm Jumeirah it is a view of the sea. As such, we should expect to see the price premium placed on views best demonstrated here.
– Intra-Building Analysis
To see this phenomenon in action on a more granular level, we also examine the differences within buildings that have multiple views available and have seen a significant transaction volume this year. This gives us an idea of where the effect is more or less pronounced. There are some factors that as of yet are not easily quantifiable or are not recorded en masse that complicate this analysis (in the sense that they may explain some anomalous trends where standard view units seem to sell for more than their premium view counterparts); such factors include renovations and improvements.