Dubai Luxury Residential Units Hitting All-Time High Among Investors & Homeowners
- Luxury residences by all major developers in Dubai have been fully sold out, and are now trading at a premium on the secondary market from 2021 onwards.
- Every luxury residential unit worth more than $1 million was a burden on the real estate market in Dubai during the pandemic.
- Each and every luxury residential unit worth more than $1 million was considered by many brokers to be a burden on the real estate market in Dubai, and premium properties were barely selling.
- Dubai turned into a predominately buyer’s market.
- Most investors adopted a buy-to-let model, purchasing small-scale, low-ticket units in bulk to achieve a higher return on investment.
- Tourism was primarily driven by low-income investors who were more likely to opt for smaller, affordable units.
Investors Interest in the Post-Covid Era
More and more people, especially millionaires, are moving to Dubai with their families and investing in holiday homes and permanent residences.
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