To Buy In Dubai


Dubai’s luxury home sales are enjoying another golden run in 2022, hitting their highest level last year since 2015, with 93 homes worth more than $10 million sold as several wealthy international buyers tapped into the emirate's post-coronavirus recovery.

'Emirate recorded more than 52,000 apartment and villa transactions worth $31.09bn,' says Knight Frank. The growth was led by ultra-high-net-worth buyers from India, Russia and Europe, including buyers from Switzerland and Monaco.

“The international elite continue to have an insatiable appetite for Dubai’s most luxurious homes. 2021 accounts for 39 per cent of all $10m-home sales in Dubai since 2010,” said Faisal Durrani, partner and head of Middle East Research at Knight Frank.

Dubai’s overall residential market recorded more than 52,000 apartment and villa transactions worth Dh114.2 billion ($31.09bn), more than the total for 2019 and 2020 combined, the consultancy said.

The UAE’s property market has recovered from the pandemic-induced slowdown on the back of government initiatives such as residence permits for those who have retired, a rapid vaccination programme and the expansion of the 10-year golden visa programme.

People also moved to larger homes with outdoor amenities amid a surge in remote working and online learning.

The increase in wealthy buyer demand pushed luxury home prices up by 44 per cent in prime areas such as Emirates Hills, Jumeirah Bay Island and Palm Jumeirah last year, Knight Frank said earlier this month.

“Dubai’s handling of the pandemic has fostered an overwhelming sense of positivity, which we see reflected in the market and in economic performance,” said Mr Durrani.

Average residential prices increased 9.2 per cent in 2021, recording the quickest pace of growth since January 2015, said Knight Frank.

While villa prices rose 21.2 per cent, last year’s growth in the property market was “heavily moderated … to a very large extent” by the performance of apartment values, which rose 7.2 per cent, the report said.

“The pandemic fuelled the race for space,” it said.

The most expensive home sold in 2021 was a $32.9m villa on Jumeirah Bay Island, purchased by a European buyer last summer.

The value of property deals in Dubai more than doubled last year and breached a 12-year record in terms of sales transactions, buoyed by demand in the secondary real estate market, according to Property Finder.

The prices of apartments in Burj Khalifa, the world’s tallest building, rose 23% last year as the wealthy continued to buy property in Dubai.

Abode Affiliates

  • Alleyne Real Estate
  • Blevins Franks
  • Coldwell Banker
  • Crane Resorts
  • Monaco Real Estates
  • RDO
  • St Francis Links
  • Unique Home Stays
  • Yoo
  • Worldwide Dream Villas
  • Enigma Yachts Limited
  • Cornerstone Tax Advisors
  • Pedini London
  • Alexander James
  • Moore Stephen
  • Ibiza Transit Express
  • Oyster Yachts
  • Jumeirah
  • Wall Street Luxury
  • Heron Real Estate
  • Edenhurst
  • MG&AG
  • Gama Property
  • Touch Design Group
  • St Edward
  • Ultra Villa
  • Luxury Italian Living
  • Habitat First Group
  • BDO
  • 7Storeys
  • Worldwide Property
  • Dimora
  • Dominic McKenzie Architects
  • Harry Manning
  • Smart Living
  • Isle Blue
  • MAS Marbella
  • Millgate
  • Jersey Finance
  • guernsey-relocations-logo
  • viberts-logo
  • kpmg-logo
  • author-interiors
  • Wilkinson Beven
  • BoConcept
  • Ante Vrban
  • Deborah Garth
  • You home
  • Ra Shaw Designs
  • Caudwell Collection
  • accanto-interiors
  • Fritz Hansen
  • capital-rise
  • jarrods-staircase
  • neil-davies-logo
  • Tina Shone Group
  • Taplow riverside
  • Aimo
  • ns-ceramics-logo
  • Rusk
  • Consilium Expert Group
  • Ben Krupinski Builder
  • Swoffers
  • Guernsey Relocation Services
  • Douglas Graneto
  • Strutt & Parker
  • wilsons
  • MJC Associates
  • plainspace
  • Fine & Country
  • Bramble Ski
  • Penthouse queen
  • Sarco_Affiliate_Logo
  • taylor wimpey
  • cooper-gardner
  • M Design Architects
  • codan
  • Lovells
  • London DE
  • Prime Lands Group
  • Bellegarde Estates
  • Sinclair
  • Pippa Paton
  • Ecole d'Humanite
  • Benedek Lewin
  • Inspired Villages
  • Huelin Homes
  • Gaudin
  • Lovells Property
  • Racecourse Lodge Logo
  • Paseo
  • Lemay + Escobar
  • Octagon
  • Locate Isle of Man
  • Newlands of Stow
  • Hawksford
  • Holdun
  • St George's International School
  • Schule Schloss Salem
  • AR Architecture
  • lazaro
  • Sella Concept
  • Blakstad
  • miller interior
  • Harrow
  • Pearson
  • Wealth Club
  • Yellow House Architects
  • Designer Touches
  • Zafiro
  • Nicole Murray
  • Scout Boats
  • Emerson Insinkerator
  • diane holland

Enter your dream destination