Dubai real estate lures the elite as demand rises
Prices are set to continue rising next year
Dubai’s rich lifestyle, visa schemes, real estate among other noteworthy attractions have roped in investors, especially the elite.
According to a report by the Financial Times, “when the first of its 231 deluxe residences was offered for sale seven years ago, a two-bedroom apartment could be bought for a mere Dh5.5 million ($1.5 million).”
The report said that demand has soared since the pandemic, “with owners inundated with requests to sell homes that come complete with swimming pools and terraces offering panoramic views.”
