GLOBAL CONTEXT FOR DUBAI’S PRIME RESIDENTIAL MARKET
Demand for prime residential property has been so immense that Dubai experienced a record 44% hike in prime home prices last year – the highest level globally.
24 May 2023
Furthermore, with 219 ultra-prime home sales, i.e., homes priced upwards of US$ 10 million, the emirate set a new record, eclipsing the previous high of 93 set in 2021. A further 88 US$ 10 million+ homes have been sold in Q1, putting the emirate on track for another record year for luxury home sales.
