Q1 2023 was the most successful in 10 years for the luxury real estate sector in Dubai

Buyers are actively buying up housing where developers are ready to reduce the initial payment to only 5-10% and fully assume registration and other fees.

In some cases, the initial payment may be as little as 1% or even a fixed amount of 50 000 AED. Today, investors are more attentive to the size of their down payments rather than whether a developer can offer 3-5-year payment plans after construction is completed.

Demand was also significantly influenced by the strong attractiveness of the Golden Visa program, associated with minimal real estate investments in the amount of only 2 million AED. Market sources say this is a key factor in attracting new investors from abroad buying houses in Dubai.

In addition, in the segment of luxury real estate in Dubai, demand continues to peak, and buyers are turning to new super-premium off-plan projects, because there are simply no similar ready-made houses for sale on the market anymore.