Dubai Topped the Global Charts for the Biggest Increase in Luxury Home Prices in 2021
Dubai had the biggest increase in luxury home prices during 2021 with Moscow following close behind.
Other Top US Destinations
1. San Diego
2. Miami
3. The Hamptons.
Market Growth
- Dubai’s luxury homes increased by 44 percent last year, continuing a positive trend that began in the second half of 2020.
- Multiple deals worth Dh100 million or more on the Palm.
- Bulgari homes and a resort on Jumeira Bay Island garnered record prices.
- Demand for prime homes in Dubai continued to remain strong in this year.
Dubai, along with Miami, could see more price growth at the top end of the market due to the following projects and developments:
- Emaar’s Dubai Hills Estate
- Sobha’s Hartland
Latest Projects
- Dubai Holding’s City Walk Extension
- La Mer project
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Price Ranges
- Miami, and Zurich lead our 2022 forecast, with prime prices expected to end the year between 10-12 percent higher.
- Asian cities are expected to trail slightly, but even here, prices will grow.
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