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The luxurious residences continue to be a popular choice with both locals and ex-pats in Dubai
Dubai Announcer > News > Lifestyle > The luxurious residences continue to be a popular choice with both locals and ex-pats in Dubai
Lifestyle

The luxurious residences continue to be a popular choice with both locals and ex-pats in Dubai

We are eyeing on a strong demand for luxurious villas and townhouses in Dubai which is a continuation of the positive trend in post-pandemic purchases.

Ammar Alblooshi
Ammar Alblooshi May 15, 2022
Updated 2022/05/15 at 10:33 AM
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Dubai’s property rental and sales prices are seeing a positive upward trend which can be attributed to the emirate’s efficient policies, after a strong recovery from the pandemic, as well as visa reforms that are contributing to Dubai’s popularity as a long-term perspective.

Contents
How are we seeing on the progress in the market from the last 6 months?Dubai’s culture in 2022Forecast for the rest of 2022

How are we seeing on the progress in the market from the last 6 months?

The luxury segment has outperformed all others, and the prices continue to rise. This is specifically in the case of the super-luxury segment where the lack of supply doubles the prices in certain areas. However, mid-range properties are always popular in Dubai. Moreover, those prices are not rising at the same speed as in the luxury segment, the increase has been slower, but steady. The affordable end of the real estate market is the one with the least changes in prices in the last six months.

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A post shared by Luxury Houses & Properties (@dailyhousetours)

Also Read: Real estate mogul Xenia Karamanou takes advantage of Bitcoin payments as DAMAC accepts BTC in Dubai

Dubai’s culture in 2022

Dubai is a luxurious cosmopolitan city where everyone feels welcome. You should be very lucky to be in the city that is the bridge between East and West, which makes the Emirate a perfect destination for considering a second home.

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A post shared by WOLFGANG REGNER ARCHITECTS (@studio_wolfgang_regner)

Forecast for the rest of 2022

Dubai is a lively city and bursting with many new visitors every day. One can just have a look at the hotel rates and understand how busy and popular this city is. We are keeping a close eye on all the new changes happening and we can stay optimistic in the coming months.

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Ammar Alblooshi May 15, 2022
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