Shehzad Jamal, Partner -Strategy and Consultancy, MEA, talks about Dubai’s growing prime residential market and record-breaking number of luxury home sales.
Dubai’s prime residential market has grown by 18.2% in the last 12-months to the end of Q2. With 105 sales for US$ 10+ million homes recorded in Q1 of 2024, following 431 sales in 2023, the ultra-luxury market in Dubai has broken all previous records.
According to our survey, the aspiration to buy a villa in Dubai rises with levels of net worth, growing from 30% or those with a net worth of US$ 2-5 million to 48% for those with personal wealth levels of over US$ 15 million. This figure climbs further still to 59% amongst our global HNWI respondents with a net worth of over US$ 20 million.
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11 сен 2024
