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Dubai real estate market continues to break records for real estate sales in prestigious areas. This trend is most noticeable in the off-plan real estate sector, where local and foreign investors are active, realizing the huge potential of the emirate's residential real estate market.
In existing communities, there is an expansion of territories, such as in Al Barari, where a new subcommunity of luxurious and environmentally friendly houses located in nature was created. Demand was so high that the developer had to get blankets for real estate agents who spent the night in the sales office. In fact, Al Barari sold out the entire community in a matter of hours. This shows the level of optimism and confidence of everyone in the market prospects of real estate in Dubai.
Within the framework of this trend, world-famous brands of the hotel business, such as Six Senses, Residences Downtown Residences, Da Vinci Tower, appear on the market with unprecedented speed.
The flow of new projects is evidence of the city's resilience in the face of a global pandemic and other challenges. Investor confidence has been restored and Dubai is seen as a place where people want to work and enjoy life.
