Dubai: A Week of Luxury Real Estate and Record Transactions
Dubai's real estate market continues to make headlines with record sales and ever more ambitious projects. Here's a recap of the week's key highlights.
Record Sales for OMNIYAT
Luxury real estate developer OMNIYAT has achieved an impressive $800 million in ultra-luxury property sales in 2024. This figure reaffirms the strong demand for high-end real estate in Dubai, attracting wealthy buyers seeking exclusive residences.
Samana Developers Expands and Targets Ultra-Wealthy Buyers
Continuing in the luxury sector, Samana Developers announced a collaboration with world-renowned designer Elie Saabfor a prestigious project in the Maldives, where residences have nightly rates reaching $8,000. Simultaneously, the developer launched apartments with private pools in Dubai, priced at $2.3 million, and is set to unveil an exclusive collection of beachfront villas available by invitation only.
Spectacular Growth in the Commercial Real Estate Market
Dubai's commercial real estate sector saw an impressive 24% growth in 2024, reaching a value of $24.5 billion. This expansion reinforces Dubai's attractiveness as a global business hub and a key driver of regional economic growth.
Azizi Developments Focuses on Waterfront Properties
Developer Azizi Developments unveiled a new waterfront residential project on Dubai Islands, with residences starting at $272,000. This ambitious development aims to enhance the luxury property offering and attract investors looking for exclusive beachfront properties.
Growing Interest from International Investors
Dubai continues to attract investors from around the world. Mardi Holding, a Georgian developer, has announced its entry into the UAE real estate market, further strengthening the presence of international players in Dubai’s real estate ecosystem.
Market Outlook and Trends
With record-breaking sales, continuously innovative projects, and growing international investor interest, Dubai solidifies its status as the global capital of luxury real estate. The future looks promising, with exciting new opportunities for buyers and investors seeking secure and profitable assets.
Want to learn more about the best real estate opportunities in Dubai? Contact our experts at Gadait International for tailor-made assistance and access to the most exclusive properties on the market.