The average price of ultra-luxury homes in Dubai increased by more than 27% in Q1 2023 compared to the previous quarter, as demand for luxury real estate in the emirate continued to grow amid a broader economic recovery.
The average price of luxury real estate in the emirate increased to 25.2 million AED ($6.86 million), and the total volume of transactions in this segment over a three-month period reached 14.7 billion AED ($4 billion), according to the Dubai Land Department.
The average price per square meter of luxury real estate increased by 21% to 36,428 AED ($9,919).
Jumeirah Bay recorded the highest quarterly sales growth by an impressive 220% to 2.05 billion AED ($560 million), followed by Al Barari with sales growth of about 168% to 926 million AED ($252 million) and Downtown Dubai with sales growth of 49% to 3.4 billion AED ($930 million).
Distance to the sea: 18 kmCompletion year: II quarter, 2025, off-plan JOURI HILLS - Jumeirah Golf Estates - Dubai - ОАЭ
Al Furjan
4000m
Discovery Gardens
4800m
The Gardens
6200m
The off-plan Jouri Hills residential complex is a brand-new elite community in Jumeirah Golf Estates in Dubai. This location is a prestigious building with landscaped areas and first-class amenities... Details
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Distance to the sea: 16 kmCompletion year: II quarter, 2026, off-plan 38MR+W4 - Dubai - UAE
Al Safa (formerly Noor Bank)
13800m
Business Bay
14300m
Burj Khalifa/Dubai Mall
14800m
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Sobha Reserve is a new residential development being built in Dubailand. This huge area includes many theme parks such as Legoland and Global Village, as... Details
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