This is facilitated by the influx of wealthy buyers.
According to Knight Frank, prices for luxury real estate in Dubai have jumped by 89% over the past 12 months, which was facilitated by the influx of wealthy buyers.
Details. According to the consulting company, since the beginning of the pandemic, "insatiable demand" has led to an increase in villa prices by more than 100% in elite areas such as Palm Jumeirah, Emirates Hills and Jumeirah Bay Island. The upswing is a significant departure from the emirate's two previous market cycles, which were mainly related to purchases for rent or purchases for sale.
Demand for real estate in Dubai is growing rapidly as the government's measures to combat the pandemic and its liberal visa policy attract more and more foreign buyers. The elite part of the Emirati real estate market benefits from an influx of wealthy investors, such as Russians seeking to protect their assets, bankers fleeing the strict Covid restrictions in Asia, and wealthy Indians looking for a second home.
Quote. "The cost of luxury housing in Dubai continues to rise, increasing by 29% in the third quarter alone, helped by a steady stream of ultra—high-income people who are focusing on the best areas of Dubai in search of a second home," said Faisal Durrani, Head of Middle East Research at Knight Frank.
Sales. Real estate sales worth more than $10 million have also reached a new high. During the first nine months of the year, 152 so-called ultra-premium sales were made, which eclipsed last year's 93 deals.
Offer. Another change is that the number of planned new luxury homes has not kept pace with demand, which creates a shortage, in particular, of waterfront housing.
Quote. "We see that in the period from 2023 to 2025, only eight new villas should be built in the prestigious residential areas of Dubai, and all of them are located on the island of Jumeirah Bay," Durrani said. "Developers are still in no hurry to bring new projects to the market, as we have seen in the past, in order to benefit from the tsunami of demand for luxury housing."
The prospects. In the short and medium term, Knight Frank expects prices to rise by another 5-7% by the end of the year, and thus in 2022 the rise will be 60-80%.
A strong dollar and rising interest rates may affect the market, although the predominance of buyers for their own funds "is expected to protect the market to some extent," the report says.
Propreties for sale in the UAE:
133 385 €
Flat in Dubai, UAE
42 sq.m12
LIVE THE RESOR TLIFE a treasure trove of 5* facilities with the region's best hotelier. Unparalleled experience in developing award winning restaurants Studio apartments feature high quality furnishings and finishes with floor-to-ceiling windows to maximize natural light and spacious balconies with amazing city views.
Features:
•...
Horizon Realty
391 693 €
Apartment in Dubai, UAE
90 sq.m332
HABITA is happy to present Elegance Tower. It is the latest residential development by Damac Properties that features stylish design 1 & 2 bedroom apartments located at Downtown Dubai. The exclusive design project presents the state-of-the-art infrastructure providing one of the premium addresses within Dubai with awe-inspiring views of the...
Habita International Estates Ltd
603 600 €
Penthouse in Dubai, UAE
184 sq.m43
The complex consists of exquisite townhouses in a modern style, located outside the city in the bosom of nature and having all the urban amenities, thanks to which its residents can enjoy all the benefits of modern life.Modern living spaces, designed with great attention to aesthetic perception and luxurious practicality, will be an ideal home...
Renaissance Estate
646 078 €
Apartment in Dubai, UAE
80 sq.m11
HORIZON REALTY is honored to present to you this apartment, Uptown Residences,Jumeriah Heights, Dubai. Features and Amenities: -Gym -Sky Lounge -Pool -Multifunctional Room -Valet Parking -Private cinema Payment Plan: *20% payment On booking *80% payment Upon Handover Uptown Dubai Residences offers one, two and three-bedroom apartments, as well...
Horizon Realty
363 900 €
Flat in Dubai, UAE
94 sq.m32
We are proud to offer you a nice furnished one-bedroom apartment for sale in Business Bay, near down and Dubai Mall.
Renaissance Estate
715 300 €
Flat in Dubai, UAE
132 sq.m32
This is an exquisite apartment on the waterfront in a great location of Business Bay. Its layout is absolutely unique and offers stunning views of the surrounding area. This residence is ideal for those who appreciate comfort and sophistication, because it has a lot of space and an open modern layout.
Renaissance Estate
5 191 560 €
Apartment in Dubai, UAE
366 sq.m424
Introducing the Bugatti Residence, where luxury living reaches new heights. This is not just a home; it's a masterpiece of architectural excellence and uncompromising into a world where opulence knows no bounds. The Bugatti Residence redefines luxury living, providing an unparalleled experience for those who demand only the best. From the moment...
Habita International Estates Ltd
236 784 €
Flat in Dubai, UAE
95 sq.m22
ResidenceOnline ViewingRemote TransactionCredit
FOREIGN REAL ESTATE FROM $ 40,000. FREE CONSULTATION. ASSISTANCE IN OBTAINING RESIDENT STATUS.
We will help you pick up an object for FREE, arrange a secure deal with the developer!
- exclusive real estate;
- assistance in organizing the move;
- annual investment income up to 20%;
- financial guarantee of income;
- legal protection...
DDA Real Estate
195 888 €
Apartment in Dubai, UAE
56 sq.m1
HORIZON REALTY is honored to present to you this apartment, Stonehenge Residences Jumeriah Village Circle, Dubai.
Features and Amenities:
-Residential 14-meter rooftop pool with sun loungers and cabanas
-State of the art Gymnasuim
-Steam and Sauna Room
-Serene Outdoor Yoga Area
-Cafe
-Restaurants
-Fitness Center
-Activity...
Horizon Realty
273 096 €
Studio in Dubai, UAE
48 sq.m11
ResidenceOnline ViewingRemote Transaction
Apartment with spectacular views in Mohammed Bin Rashid City area.
Each apartment has spacious bedrooms and balconies. The interior is made in neutral tones, with high-quality finishes, fully equipped kitchens, built-in wardrobes, Smart home systems, central heating and cooling, laundries. Residents can enjoy stunning views of the surrounding...
DDA Real Estate
6 606 171 €
Apartment in Dubai, UAE
304 sq.m535
Introducing you this astonishing penthouse at Palm Jumeirah is a development in a one of the most luxurious beachfront locations in Dubai, Palm Jumeirah West Crescent. Enjoy beautiful finishing and quality and the views of the sea and Palm Jumeirah. Extraordinary development, where all the details matter.
Habita International Estates Ltd
2 242 507 €
Apartment in Dubai, UAE
190 sq.m334
This exquisite residence boasts an expansive layout that provides ample room for both relaxation and entertainment. The apartment features three generously sized bedrooms, each offering stunning views of the bay and beyond. The open-plan living and dining area is flooded with natural light, creating a bright and welcoming ambiance. The modern...
Metropolitan Premium Properties
680 384 €
Apartment in Dubai, UAE
104 sq.m112
Presented by Us, this 1-bedroom apartment in Mughal, Grandeur Residences, Palm Jumeirah, offers a luxurious living experience.
Unit Details:
Bedrooms :1
Bathrooms: 2
Built-up Area: 1115 square feet
No. of Parking: 1
Furnished: Yes
Exclusive Amenities:
* Fully equipped gym
* Swimming pool
* Luxurious sauna and steam room...
Metropolitan Premium Properties
1 054 945 €
Apartment in Ras al-Khaimah, UAE
148 sq.m223
Welcome to the epitome of seaside living at Al Marjan's new landmark residence - The Beach House At Al Marjan. Nestled in the most prime beachfront location with stunning views overlooking the Wynn Al Marjan Island resort, this exclusive collection of 88 apartments redefines luxury through the art of simplicity and convenience.
Each residence...
Metropolitan Premium Properties
893 469 €
Flat in Dubai, UAE
104 sq.m211
ResidenceOnline ViewingRemote Transaction
Branded apartments in the modern Keturah Reserve Residences project! A great option for living and investing! The yield is from 10%! We will provide the investor's catalog! Fully furnished apartment! Installments of 0%!
The deadline is 4q. 2026.
Facilities: outdoor swimming pool, gym, barbecue area with dining area, indoor and outdoor gyms,...
DDA Real Estate
242 132 €
Apartment in Dubai, UAE
93 sq.m222
Property details
* 2 Bedrooms
* 2 Bathrooms
* Balcony
* Open kitchen
* Wardrobes Community Amenities
* Tennis court, Basketball court, football ground, volleyball court
* Mosque, Parks, School, and a Nursery in the community
* Podium play area with BBQ facilities
* Swimming pools/Kids\' pools
* Retail areas with a Medical...
Metropolitan Premium Properties
993 874 €
Villa in Dubai, UAE
260 sq.m334
Property Features
* 3 Bedrooms
* Built-in wardrobes
* Spacious Layout
* Green Lines View
* Kitchen: Open and Fully Fitted
* No. of Parking: 2
*Unit Occupied by the owner Community Amenities
* Gymnasium
* Private Garden
* Pets allowed
* BBQ area
* Children's play area
* Golf Clubhouse
* Mosque
* Security
Welcome to...
Metropolitan Premium Properties
288 000 €
Flat in Dubai, UAE
68 sq.m1
Sobha One is Sobha Realty's elite mixed-use megaproject that was presented at Cityscape in November 2022. Located in the Ras Al Khor area, Sobha One will consist of 5 buildings ranging from 33 to 65 floors and comprise a total of 2,700 residential units. The complex offers 1-4 bedroom apartments and completely eco-friendly 2-4 bedroom duplexes...
Mercury Group
1 274 164 €
Apartment in Dubai, UAE
165 sq.m223
Property Features
* 2 Bedrooms + Maid's Room
* Study Room
* Upgraded Unit
*Newly Fully Furnished
*Sea and Skyline views
* Spacious living
* High ROI
* Direct access to 5-star facilities
Community Amenities
* Children's Play Area
* Concierge
* Covered Parking
* Pets Allowed
* Private Garden
* Private Gym
* Private...
Metropolitan Premium Properties
4 306 665 €
Penthouse in Dubai, UAE
273 sq.m444
Property Details:
* 4 Bedrooms
* 4 Bathrooms
* View: Pool and Burj Al Arab
* Luxurious Full Upgrade
* Prime Location
* Genuine Resale Features and Amenities:
- Shared pool
- Well equipped gym
- Resident's and visitor's parking
- Children's Nursery and play areas
- Communal areas and BBQ areas
- 24/7 CCTV and Security...
