best real estate in dubai

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Dubais Real Estate Market on a Hot Streak
After three consecutive years of substantial
growth, Dubais Real Estate Market is on a hot
streak. Dubais home prices have continued to
rise in the first half of 2024. Knight Franks
July 8 report highlights a record of 431 homes
priced above US10 million sold in 2023 and an
additional 190 sales in the first half of 2024.
In the higher price bracket, homes above US25
million saw a 25 increase, totaling 21 sales in
1H2024, as reported by Will McKintosh, regional
partner and head of residential, Middle East and
North Africa. Transaction activity is
accelerating, especially at the luxury end of the
market. Knight Frank reports that the total
value of luxury homes sold in 1Q2024 reached
US1.73 billion, a 2.2 year-over-year increase.
Dubais Real Estate Market on a Hot
Streak. Influx of Millionaires Boosting Demand
in Dubais Real Estate Market on a Hot
Streak Prime residential markets in Dubai, like
Emirates Hills, Jumeirah Bay Island, Jumeirah
Islands, and The Palm Jumeirah, have seen a 47
reduction in available properties, now down to
2,851. Andrew Cummings of Savills notes high
demand for waterfront residences, especially on
The Palm Jumeirah . Quality of Life Enhances
Appeal in Dubais Real Estate Market on a Hot
Streak Dubais appeal grows with its quality of
life focus, infrastructure investment, and visa
regimes, boosting long-term residency, notes
Andrew Cummings. Anticipated Future Growth in
Dubais Real Estate Market on a Hot
Streak Dubai's population hit 3.65 million in
December, growing by 100,240. Developers added
only 6,526 new units in 1Q2024. CBRE projects
46,086 more by year-end. Savills Cummings
forecasts 4-5.5 price growth in 2024. NBS Real
Estate Content Number- 971563609348 Address-
Aspin Commercial Tower, Sheikh Zayed Road, Dubai
website https//nbsrealestate.co/