Dubai real estate regained its footing in 2019 and was off to the races as 2020 dawned. Then came a pandemic in March accompanied by lockdown measures, bringing much of the vibrant city to a halt. Dubai’s property market picked itself up more quickly than many other contenders and finished the year on a winning streak, but COVID-19 altered the must-have lists of buyers and renters of Dubai’s luxury property.
Dubai Residential Market
Wealth and opulence are synonymous with Dubai, so it’s not surprising that the city’s real estate is pure luxury. Dubai has made a name by setting new records, from constructing the world’s tallest building to longest indoor ski slope, and its real estate matches that spirit of innovation. Whether you want to make a permanent home in this Middle Eastern trade hub or an exceptional investment, the Dubai market offers unrivaled opportunities.
The prime-residential market in Dubai beat the overall residential market by nearly doubling in volume of sales from the fourth quarter of 2015.