Dubai’s real estate sector achieved yet another landmark last week. Impressive 3.7 billion USD in property sales within a single week can become a new norm in Dubai. It was fuelled by transactions of high-value properties in prestigious areas such as Business Bay and Palm Jumeirah. Notably, 15.7 mil. USD sale of an apartment in the Dorchester Collection, Business Bay, highlights the robust demand for luxury real estate in the city.
Moreover, in addition to property sales, the Dubai Land Department reported substantial mortgage transactions reflecting sustained investors’ confidence in Dubai’s property market. This continued interest underscores the city’s appeal to both local and international buyers across residential, commercial and luxury segments.
Our opinion: In the current uncertain world with the Russian-Ukraine war, Israel-Gaza conflict, plus China-Taiwan tension, Dubai is perceived as a safe harbour to live, do business and invest and strong performance of its real estate sector just underscores this notion. Coupled with city’s famous drive to constantly improve, its economic resilience supported by initiatives like the Golden Visa program, Dubai is solidifying its position as a global business hub, with the real estate market remaining one of the key drivers of its economic growth together with hospitality and holidays sector.
Are you planning to buy an apartment or villa in Dubai and need expert guidance? With over 20 years of international experience, we will provide you with the bespoke, tailor-made services suitable just for your needs. Contact us for a consultation at (+971 52 152 1330) or email us at office@alphaprimedwc.ae.
