Dubai’s ultra-luxury property market doesn’t seem to be slowing down as the value of big-ticket deals continues to hit the market at regular intervals. Earlier this week, the most expensive penthouse in Palm Jumeirah was for Dh220 million. In February, a penthouse was sold for Dh410 million in Bvlgari Lighthouse, Jumeirah Bay Island. This record […]
Downtown and Palm Jumeirah emerging as top favourites Global millionaires, are poised to spend $2.5 billion (Dh9.17 billion) in Dubai’s growing real estate market this year. According to global property consultancy Knight Frank’s inaugural Destination Dubai survey report, 22 per cent of respondents are prepared to commit $5-10 million, while eight per cent are ready […]
Dubai’s ultra-luxury home market witnessed another record-breaking deal on Tuesday as Luxhabitat Sotheby’s International Realty sold the most expensive penthouse ever on the Palm Jumeirah for Dh220 million. The transaction was for a shell-and-core mega penthouse at Omniyat’s AVA at Palm Jumeirah, Dorchester Collection by executive partner, Honey Deylami. The penthouse, termed Sky Palace, sold […]
Dubai’s Department of Economy and Tourism (DET) announced the launch of a new QR Code initiative for holiday homes in Dubai on Monday. The move is part of the department’s efforts to improve transparency and increase confidence among investors and visitors in the short-term rental market. The initiative is closely aligned with the goals of […]
With the launch of the first-ever Bugatti branded residence, Dubai is fast-emerging as the leader in branded residences. The uber-luxurious project by the French car brand will be a 43-floor project that will house 171 mansions and 11 sky mansion penthouses. In November last year, a report by property services company Savills said that Dubai […]
Bugatti Residences, the first-ever residential project by the French luxury carmaker in the world, was launched in Dubai on Wednesday night by the UAE-based family-owned developer Binghatti, as the demand for branded as well as uber-luxury residences continues to lead the local real estate market in the post-pandemic period. Located in Business Bay, the 43-floor […]
Demand for Dubai’s ultra-luxury properties continues to grow unabated and there are no signs of slowing it down as record-breaking deals in the prime segment continue one after the other. On Tuesday, luxury real estate company Luxhabitat Sotheby’s International announced the sale of the most expensive penthouse in Marsa Al Arab for a record Dh420 […]
Prices still remain 15% lower than their 2014 peak The prime residential market in Dubai is expected to experience the highest growth rate globally, data from a leading property consultancy shows. In 2023, the prime residential market in Dubai is projected to grow 13.5 per cent, the highest rate globally. “This growth is supported by […]
A total of 3,050 real estate transactions worth Dh10.4 billion were conducted during the week ending May 5, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 189 plots were sold for Dh1.19 billion, 2,239 apartments and villas were sold for Dh5.11 billion. The top three transactions were a […]