How is Dubai rated in terms of luxury homes?

Discussion in 'Dubai property' started by Aamir Abdul, Apr 5, 2017.

  1. Aamir Abdul

    Aamir Abdul New Member

    Dubai is considered as the luxury capital of Middle East. Even though most of the capital cities have developed infrastructure, Dubai still gets more attention. Mainly because of immense job opportunities and the city is one the largest connection hub for most airliners. Hence over the period of past few years property sale in Dubai has seen meteoric rise. More and more leading international construction companies are getting in the market. Visit at (moderated)
     
    Last edited by a moderator: Apr 5, 2017
  2. kadirayoobuae

    kadirayoobuae New Member

    Dubai is known for its Luxury life. Its becoming a business hub and a tourist attraction. With its cool buildings and homes it is one of the best destinations to travel to.
     
  3. realdeals

    realdeals Member

    Expanding the business community surrounding Dubai is the major key to future growth in luxury real estate. We only need to look at London which has a massive business community to support the luxury housing market as a prime example.
     
  4. Sonalia

    Sonalia New Member

    Compared to global cities worldwide, the prices of luxury properties in Dubai are among the lowest. Luxury homes in Dubai cost 40% less than luxury homes in Singapore, and 50% less than those in Paris and Moscow.

    According to an article by Khaleej Times, 82% of the secondary market sales were for apartments. At AED 3.34 billion, Dubai Marina ranked first for most transactions, followed by the Palm Jumeirah at AED 2.32 billion, and then Downtown Dubai at AED 1.54 billion. Combined, these three prime locations totaled 42% of the secondary prime residential market.

    In the first and second quarter of 2018, Dubai’s secondary residential market has witnessed AED 14.4 billion and AED 12.1 billion in sales. In 2017, the real estate market saw an increase of 10% for prime residential off-plan sales compared to 2016.

    According to the same article by Khaleej Times, the luxury market is seeing more value-conscious buyers. Now, more than ever, buyers care more about design, community, locations, impeccable finishing and amenities. Most buyers are looking to live in the property or are purchasing it as an additional luxury Dubai home.
     
  5. FWL

    FWL Member

    Even though the Dubai property market has been falling for the last few years, it still offers significant growth potential going forward. Many might have seen that Warren Buffett is doubling up his exposure to Dubai and the Middle East in general.
     
Loading...

Share This Page