Sign in
Sign up
Experts speak of a strong interest in the luxury real estate market.
The Palm Jumeirah Villa in Dubai has been sold for over AED 100 million ($ 27 million).
The family residence was acquired by European buyers who wished to remain anonymous.
The seven-bedroom, nine-bathroom home is set on a nearly 20,800-square-foot plot and includes a sauna, a private pool, and a large garden with incredible views of the Arabian Gulf.
In 2021, there is a steady interest in the luxury real estate market.
There is a widespread upward trend in the Arab real estate segment. Median property prices in Dubai increased 1.3% in March 2021, and this is the first annual price increase since early 2015. Since the market bottomed out in November 2020, prices recovered and rose 7%.
Shopping sentiment in Dubai has improved, thanks in part to its successful anti-coronavirus policy. Foreign investors and buyers have begun to take an active interest in Dubai as a destination for their investments.
Now the elite real estate has a high market share - about 2.5%.
