Prime residential communities in Dubai
remain amongst the most affordable in the world: about AED 3.2К (USD 870) per sq. ft. This factor, as well as the high quality of residential real estate now available in the upper echelons of the market makes Dubai one of the world’s leading second homes markets.
It is expected that prime real estate prices in the emirate will be around 60-80% higher at the end of the year compared to 2021. Prices on properties in the Palm Jumeirah area have already increased 101%, while prices on Jumeirah Bay Island have risen by 98%.