According to Luxhabitat Sotheby's, premium properties are in increasing demand in the Dubai real estate market. At the end of 2020, there was a demand for villas, townhouses, and luxury apartments, and in 2021 investors began to buy housing worth over $8 million even more. In total, about 30 similar housing were sold at various prices during this year. There is information about at least three millionaires who bought real estate worth over $27 million.
The pandemic caused this situation. As a result, people have revised existing ideas about the housing quality in terms of convenience and the ability to work at home. In 2020, 30 real estate transactions were concluded in this value. The figures for 2021 are already higher than those for the previous period, although there are still two months ahead, during which the number of transactions with elite housing stock may increase.
There was demand in all well-known places of the emirate. The average cost has increased significantly over the years, as well as the number of residents who have moved to Dubai. Over the past year, despite the lockdown and the global pandemic, more than 2,000 millionaires have moved to the emirate. A high standard of living and security attract people.