How is Dubai rated in terms of luxury homes?

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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)
 
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realdeals

Active 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.
 
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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.
 
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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.
 
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jcole

New Member
After the Dubai property bubble of 2016 investors has been skeptic about investment in Dubai. But the announcement of Expo 2020 has sparked a new flame in the property investment sector.
Major companies like Emaar, Damac, Dubai Properties, Meraas have started numerous projects that have attracted a wide range of expats from all over the world. Major Areas have seen massive developments like Downtown, Mohammed Bin Rashid City, Emaar South, Dubai Creek Harbour, etc.
 
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