– Market Share Breakdown
In the post-COVID era, Jumeirah Village (comprising of Jumeirah Village Circle and Jumeirah Village Triangle) has been responsible for more sales transactions than any other community in Dubai. In the rental space, Jumeirah Village also occupies a significant portion of the market, but is second only to International City.
– Sales Price Analysis
Jumeirah Village stands out among mid market communities in terms of price index performance. In apartment sales, JVC’s price index has been outperforming its mid market peers for nearly six years. Meanwhile, in the villa space, both JVC and JVT have been dominant in terms of price index performance since January 2012.
– Rent Price Analysis
A similar pattern is evident in the rental market. Despite falling short to International City when it comes to market share, JVC’s price index performance has been superior since early 2020. Just as with sales, JVC and JVT have dominated the rental villa market going all the way back to the beginning of 2012.