Out of the box
Luxury real estate exhibition in Dubai
Ismail Al Hammadi
May 31, 2022
The boom in the "luxury real estate market" in Dubai since the end of 2020 until today, has led to the return of luxury units to the top of the pyramid of demand and research in the local real estate sector, driven by the increasing interest of international investors who saw their prices as an irreplaceable opportunity to own and live in the most luxurious areas in Dubai, bearing in mind that this interest contributed to the recent rise in prices, with a relative exhaustion of the market's stock of luxury real estate.
The latest statistics issued by the sector indicate that the "luxury real estate market" in Dubai recorded record sales in the period from January to the end of April 2022, as more than 700 luxury real estate units were sold, the value of which exceeded one million dollars (about 3.67 million dirhams). While it was recorded that about 100 units were sold, the value of each of which exceeded 2.7 million dirhams, a value that contributed to raising the real estate sales activity, and achieving high rates this year compared to previous years.
Results that push developers to search for more luxury units in the market, and personally motivate us to extend a special invitation to those in charge of the real estate sector in the emirate to allocate a special exhibition exclusively for luxury real estate only.
Why not, as long as Dubai has become a leading global destination for luxury real estate, isn't it worth the initiative and experience?
Today... the "luxury real estate market" has become a major tributary to the real estate sector, at a time when we see a few leading developers in this field, and a lack of real estate marketing for these properties compared to medium properties, and the luxury real estate exhibition may have an effective role in deepening the idea of Dubai's leadership in this The field, attracting more external interests to it, and to the main areas in the emirate that are home to luxury real estate, such as: “Palm Jumeirah”, “Emirates Hills”, Burj Khalifa area, Mohammed bin Rashid City, and others, as well as establishing new areas for luxury real estate to contain Demand, especially near the beach, some of which are still waiting for a gesture from luxury property developers.
With a simple arithmetic mechanism, selling one luxury real estate unit in the market is equivalent to selling the equivalent or more than five average units, the equation is not comparable, but the transaction value alone is enough to fly the total sales share in the market.
Luxury real estate has given and continues to give a great impetus to the real estate sector in Dubai and its regional and global position, so it is time to think about allocating a special exhibition for it, through which the opportunities that Dubai abounds in the field of luxury units, discuss market trends, and explore ways to develop them, will highlight the opportunities that Dubai has in the field of luxury units. More luxury on the luxury real estate product, enhances Dubai's leadership in the field of luxury real estate.
Luxury real estate has given and still a great impetus to the real estate sector in Dubai and its regional and global position.
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