From January to March, 88 properties were sold in this Emirate, whose value exceeded $10 million. According to data provided by Knight Frank, a total of $1.63 billion worth of real estate was sold. Among the areas that lead the list of luxury real estate sales are Emirates Hills, Palm Jumeirah and Jumeirah Bay Island, where 64% of such properties were sold.
Dubai’s luxury real estate sector has strengthened significantly in recent years. Throughout last year, 219 residential residences worth over $10 million per lot were sold in the emirate. Now Dubai has already taken 4th place in the world in terms of activity in this area in the world and will most likely break records in the near future.