The iconic man-made island accounted for 30 per cent of Dubai’s real estate deals in the Dh20-million plus luxury property market segment in 2022, says report.
The UAE, in particular Dubai, has become the destination of choice for millionaires from across the globe with 4,000 high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) estimated to have flown in last year. With the influx of the HNWIs population, Dubai’s luxury market has been booming in recent years despite the pandemic impact.
A recent Property Market report revealed that apart from Palm Jumeirah, Business Bay, Downtown Dubai, Dubai Marina and Jumeirah Village Circle were the top preferred choices for those searching to own an apartment, while Arabian Ranches, Arabian Ranches 2, Arabian Ranches 3, Dubai Hills Estate and Palm Jumeirah were popular hits for investment or residence purposes in the villa category for 2022.
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