Luxury property market

Demand for luxury rental properties in Dubai spiked in Q2, report shows

Secondary residential market transactions in Dubai remains stable in the second quarter of 2018, with a total volume of AED 12.1 billion ($3.3bn), compared to AED 14.4 billion ($3.9bn) in Q1, according to a new analysis from high-end property brokerage Luxhabitat. According to the data, over 1,400 villas and 6,652 apartments were transacted over the course of the quarter. Additionally, the report found...

Luxury property market keeps its shine

Many parts of Dubai have seen a decline in residential property prices over the last year and the luxury segment was no exception, with prime property prices falling 3.3 per cent last year, according to Knight Frank’s Prime International Residential Index. But the decline in prices hasn’t shaken the luxury market. If anything, it has positively boosted sales volumes, which saw an impressive uptick last...

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