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A more difficult task than it seems at first glance is to determine what luxury real estate is. After all, "elitism" is not a certain firmly checked indicator that remains unchanged over time. Such a characteristic is the object of both subjective and objective factors. To determine it, it is necessary to take into account both completely computable economic indicators and subjective demand from buyers. In this article, we have shown the key features of luxury real estate objects, considering them from all sides. Our catalogue offers the very latest luxury property in Dubai. The content of the article: Luxury real estate from the viewpoint of a modern buyer What defines luxury real estate How to distinguish elite from other real estate Prices Return on...

According to the latest ValuStrat research report, prices of luxury apartments in Dubai have increased by 1.7% in each quarter of 2021, but have not been able to keep up with the figures of the villa market, where prices increased by 10.3%. On an annual basis, the price of Arabian apartments has fallen steadily by 4.8%. About 42% fell on off-plan apartments, while the number of transactions for finished apartments reached 58%. The best performers among the top sales were apartments by developers Emaar, Azizi, Nakheel, Damac and Seven Tides.

In June, the stable Dubai real estate market continued its rapid recovery with a 2.1% price increase. The reason for this was the massive relocation of European families – new homeowners in Dubai, which accelerated the growth of sales and prices in the real estate sector of the emirate. At the moment, prices have reached their 8-year high, increasing to 10% year-on-year. A report by Property Monitor, a leading real estate portal, says that European buyers have recently become "a key demographic group that stimulates sales." The report focuses on the relocation of entire families, not just one breadwinner. This was proved by reports from schools that report a sharp increase in new foreign students.

Dubai is a huge city, one of the leading tourist destinations in the region, a key transport hub of the Middle East. And it has no official center. Everything lies in the very approach of the city's development — each district is a fairly independent administrative unit, which is built up by a certain key developer company. These distinctive and independent areas exist together and form what we know as Dubai. However, among the many regions of the emirate, there is one area that is unofficially called «the heart of Dubai» — Downtown Dubai. Our catalogue offers the very latest luxury property in Dubai. The content of the article: Downtown Dubai is an area where there is everything Location and development Amenities and advantages Downtown...

Luxury real estate is the business card of Dubai. This offer comes in various types, sizes and configurations. In the premium class, the investor and the buyer will find large vertical apartments, penthouses, villas with five or more bedrooms, townhouses made of the best materials with the involvement of famous designers. All this, of course, is located in attractive tourist, resort and business areas — closed cottage villages like Arabian Ranches, artificial islands of Palm Jumeirah and Palm Jebel Ali, lively Business Bay and Downtown Dubai. In other words, the offer is wide and diverse, which has always attracted a lot of attention from tourists, business investors and expat foreigners. However, Dubai is not the only luxury real estate market in the world, at the same time, the...

With a detailed analysis of data on real estate sales transactions in April, May and June 2021 with similar periods in 2020 and 2019, the growth of the market becomes obvious. To some extent, the COVID-19 pandemic has become an accelerator for the growth of the Arab real estate sector. Despite the fact that the trends of this year kept many, including buyers and owners, in suspense, the monthly growth and record months for purchase and sale transactions, high investment demand from residents and foreign investment, as well as the rise in real estate prices in prestigious, popular communities ultimately exceeded all expectations. In June, Dubai recorded the highest volume of real estate purchase and sale transactions – 6,388 transactions worth 14.79 billion AED, resulting in the...

The cost of residential property in Dubai as of June 2021 continued its monthly growth with an increase of 1.5% to 69 points and amounted to 5.5% YTD. The current cost of one sqm of residential space in Dubai is close to AED 924. According to experts, the trend in the Arab real estate market is for European buyers to become the main demographic driving sales, with the majority of them being end-users. Many of the overseas homebuyers are pursuing the goal of moving their entire family to the UAE for permanent residency. In this regard, changes began to take place in the mortgage lending market, namely a reduction in the interest rate on loans to purchase homes.

High volumes of sales transactions in April and May in the amount of 4,824 and 4,426, respectively, provided an excellent second quarter, which recorded the highest volume of sales transactions since the 4th quarter of 2013. In the 2nd quarter of 2021, there were a total of 15,638 transactions worth 36.86 billion AED, which is 33.26% more than in the 1st quarter of 2021 in volume, and 46.76% more in value, - analysts of the Arab real estate market report. Thus, to date, a total of 27,373 transactions in the amount of 61.97 billion AED have been made, while in 2020 the total number of transactions for the whole year was 35,041 in the amount of 71.87 billion AED. All this indicates the active growth and recovery of the Arab real estate market, as well as demonstrates impressive prospects...

The volume of real estate transactions in June reached the highest level in 8 years and was 44.33% more than in May 2021. In June, Dubai recorded the highest volume of real estate transactions since December 2013 – 6,388 transactions worth 14.79 billion AED, bringing the total value of transactions for the year to 61.97 billion AED. The impressive growth, according to real estate experts, was due to high demand from ordinary buyers and investors against the backdrop of a reviving economy, visa reforms and successful vaccination.