Over the last three years, Dubai’s luxury real estate market has undergone a remarkable transformation, solidifying its status as the premier global destination for high-net-worth individuals. The city’s effective response to the Covid-19 crisis, combined with visionary developments and a surge in demand for luxury properties, has propelled Dubai into the limelight as a haven for families and businesses seeking stability and opportunity.
According to a report from Prime by Betterhomes, October witnessed a standout period for Dubai’s real estate market, with the highest number of secondary luxury transactions recorded for the year. Secondary sales nearly tripled compared to the preceding month, while off-plan luxury sales remained consistent. While off-plan sales (Oqood transactions) fell from 84 in January to 22 in October, secondary transactions soared from 67 in January to 277 in October. In terms of value, Oqood transactions stood at Dh1.028 billion, while secondary transactions…
