Dubai’s luxury property market is booming thanks to record penthouse deals

The luxury real estate segment has driven unprecedented demand in the Dubai market post-pandemic. Prices have reached record levels over the past two years, and wealthy individuals from new markets such as Western Europe and the US are flocking to cash in on lower rates and high yields. A few years ago, only a handful of properties would cost more than Dh35 million. But penthouses in Dubai have recently set the tone for luxury property growth, with one apartment at the Bugatti Residences by Binghatti reaching Dh750 million as high net worth individuals actively seek safe havens that can protect and grow their investments while providing world-class living standards, high-quality education and many other amenities.

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