During this year alone, there is a 10% growth trend for the entire Dubai market compared to the beginning of 2022. At the same time, the luxury real estate sector grew by more than 20%.

If we talk about apartments, then in the elite real estate market, the top three in terms of sales are:

• Downtown Dubai
• Palm Jumeirah
• Business Bay

In the villa market, sales grew nearly 100% in the Palm Jumeirah area and 76% in Jumeirah Golf Estates.

Average prices for villas increased from $2.6 million to $3.2 million, and the cost per square meter – from $5.4 thousand to $6 thousand.

The most popular areas for deals with luxury villas:

• Palm Jumeirah
• Emirates Living
• Mohammed Bin Rashid City

While many markets around the world are facing geopolitical and economic uncertainty, Dubai continues to be a centre of resilience.

Source: Zawya