Summary For Al Merkadh
Location Summary: Al Merkadh
Al Merkadh is a popular location for real estate investment in the United Arab Emirates. The rental rate for properties in this area is AED 112. The sales transactions in the area have been growing steadily, with 5,550 transactions recorded in recent years. The gross sales value of these transactions has been estimated at AED 5 billion, indicating a high demand for properties in the area.
The current rate per square foot in Al Merkadh is AED 1,742, which is a good price for an area with such high demand. This area is known for its proximity to major shopping centers, schools, and entertainment facilities, making it a popular choice for families and young professionals.
In summary, Al Merkadh is a prime location for real estate investment in the UAE. With high demand and a growing number of transactions, it is a lucrative area for property developers and investors. The current rate per square foot is reasonable, making it an attractive option for those looking to buy or rent in the area.
Top Selling Projects for Al Merkadh
Dubai's real estate market is continuously growing, and investors are always on the lookout for the top-selling projects that offer the best value for their investment. If you're searching for such projects, then you're in luck because we've compiled a list of the top-selling projects by value in Dubai's Al Merkadh location.
1. Sobha The Crest - With a current rate of AED 1,925 million, Sobha The Crest is the most valuable project on our list. The project offers luxurious apartments with stunning views of the Dubai skyline. It's a perfect choice for those seeking a premium lifestyle.
2. Azizi Riviera - Azizi Riviera is a waterfront project that offers affordable luxury apartments. With a current rate of AED 1,489 million, it's a great investment opportunity for those looking for high returns.
3. Sobha Waves Grande - Sobha Waves Grande is another Sobha project that offers premium apartments with world-class amenities. With a current rate of AED 1,847 million, it's a great investment option for those seeking a luxurious lifestyle.
4. Sobha Hartland Estates Villas - Sobha Hartland Estates Villas is a project that offers luxurious villas with stunning views of the Dubai Water Canal. With a current rate of AED 1,925 million, it's an excellent investment opportunity for those seeking a high-end lifestyle.
5. Sobha Creek Vistas Grande - Sobha Creek Vistas Grande offers luxurious apartments with views of the Dubai Creek Tower. With a current rate of AED 1,802 million, it's a great investment opportunity for those looking for a premium lifestyle.
6. District One Mansions - District One Mansions offer luxurious villas with stunning views of the Crystal Lagoon. With a current rate of AED 1,687 million, it's a great investment opportunity for those looking for a premium lifestyle.
7. Kensington Waters - Kensington Waters is a project that offers luxurious apartments with stunning views of the Dubai Canal. With a current rate of AED 1,654 million, it's a great investment opportunity for those seeking a high-end lifestyle.
8. Sobha Creek Vistas Reserve - Sobha Creek Vistas Reserve is another project by Sobha that offers luxurious apartments with stunning views of the Dubai Creek Tower. With a current rate of AED 1,786 million, it's a great investment opportunity for those looking for a premium lifestyle.
9. District One Residences - District One Residences offer luxurious apartments with stunning views of the Crystal Lagoon. With a current rate of AED 1,876 million, it's a great investment opportunity for those seeking a high-end lifestyle.
10. Berkeley Place - Berkeley Place offers luxurious apartments with stunning views of the Dubai Canal. With a current rate of AED 1,780 million, it's a great investment opportunity for those looking for a premium lifestyle.
In conclusion, these are the top-selling projects by value in Dubai's Al Merkadh location. Whether you're looking for luxurious apartments or villas, these projects offer excellent investment opportunities with high returns.
Price Trend For Al Merkadh
Location Sales Trend: Al Merkadh
Al Merkadh is a bustling and thriving location in the UAE, with a growing real estate market. In this report, we will discuss the location sales trend for Al Merkadh and analyze the data on average rate per square foot and the number of transactions for the upcoming quarters.
Average Rate per Square Foot:
According to the data, the average rate per square foot for Al Merkadh is expected to fluctuate over the next few quarters. In Q1'22, the average rate per square foot is projected to be 1624 AED. It is expected to increase slightly in Q2'22 to 1725 AED. However, in Q3'22, the rate is predicted to decrease to 1627 AED. The rate is projected to increase again in Q4'22 to 1775 AED and then to 1762 AED in Q1'23.
Number of Transactions:
The data also reflects the number of transactions in Al Merkadh, which is expected to vary in the upcoming quarters. In Q1'22, the number of transactions is predicted to be 1107. However, in Q2'22, it is expected to decrease significantly to 499. In Q3'22, the transactions are predicted to increase to 971 and then rise sharply in Q4'22 to 1993. The number of transactions is expected to decrease again in Q1'23 to 907.
Conclusion:
In conclusion, the location sales trend in Al Merkadh is expected to fluctuate over the next few quarters. The average rate per square foot is expected to increase slightly in some quarters and decrease in others. The number of transactions is expected to vary significantly in the upcoming quarters. Investors and homebuyers should consider these trends before making any decisions regarding property investment.
