Dubai’s Luxury Real Estate Market Is Booming—Here’s Why

Over the last 12 months, Dubai’s prime real estate prices are up 89 percent, according to a report in Bloomberg. And in popular neighborhoods like Palm Jumeirah, Jumeirah Bay and Emirates Hills those figures have increased more than 100 percent as wealthy buyers have lined up to secure property across the city’s new hotel developments. For example, the purchase of a villa in Palm Jumeirah recently sold for a record $82 million back in July. According to Arabian Business, the city’s real estate receipts exceeded $325 million over two days in September, with 386 sales—341 of which were apartment condos and villa purchases at luxe gated communities across the city

Latest articles

Related articles