Luxury property sales in Dubai remain steady, driven by strong demand from international high-net-worth individuals, with Palm Jumeirah being the most sought-after area.
Dubai's luxury property sales remain steady despite a drop in listings, driven by strong demand from international ultra-wealthy individuals. In the first half of the year, 190 homes worth $3.2 billion were sold, with Palm Jumeirah being the most sought-after area. This trend suggests international high-net-worth individuals are focused on purchasing homes in Dubai for personal use rather than flipping properties.
July 08, 2024
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