Dubai’s Housing Boom Starts to Spread to the City’s Outskirts
- Apartment prices rise at record pace amid strong demand
- Demand rises in secondary districts where values had lagged
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A rally in Dubai’s residential property market that lifted prices for luxury developments in prime districts to record highs is starting to spread to the city’s periphery.
The metropolis, whose most popular neighborhoods run parallel to the shores of the Persian Gulf, is now seeing rising demand for homes in districts stretching eastward into the desert. Transactions in some areas of secondary locations like Silicon Oasis and Sports City — that had remained more affordable — have hit record highs, according to real estate valuation and research firm ValuStrat.