Real Estate market in Dubai shows no sign of slowing down! Luxury segment is still outperforming all others as the prices continue to rise.
Record breaking price of 12,624 AED per square foot was achieved for a 3- bedroom unit in Bulgari Resort and Residences in Jumeirah Bay Island by Meraas making this transaction the highest recorded price per square foot in the history of Dubai.
A report says, Dubai’s real estate market has become a topic of significant interest in 2022. Buoyed by years of infrastructure and population growth, the market has outperformed most global property markets, beating Paris, London, New York, and Hong Kong, to name a few. In fact, Dubai was ranked third globally as the city with the highest residential capital growth, recorded at 17 per cent, in 2021.
