Extraordinary resumption of the luxury real estate sector in Dubai
Dubai, which is at the tourism and commercial center of the Middle East, is currently recording a strong resumption of real estate sales on the specific market for luxury goods, that is to say, the goods whose amount is moreof $ 10 million.
The market had, like many others, suffered from the COVVI-19 health crisis but according to several experts, the Dubaiian resumption should be stronger and faster than to many other places in the globe.
Over the first 5 months of 2021 for example, the Emirate has counted 22 transactions on villas of more than $ 10 million, a figure at the highest since 2015 and even increasing compared to the same period of 2020 where 19 transactionshad been recorded.
PALM is the most attractive location
On the location side, it is mainly on the PALM that these transactions took place, and there are a total of $ 770 million in transactions over the period.The most expensive villa sold this year on the island developed by Nakheel has sold $ 30.3 million.It should be noted that this rebound in the luxury market also seems to be confirmed in other places in the globe since other major cities like London also record record sales in this specific sector.
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