Middle East Billionaires’ Row: The Frond G at Palm Jumeirah

Middle East Billionaires’ Row: The Frond G at Palm Jumeirah

Dubai, UAE: While many factors contribute to Dubai’s leading position as an all-round economy, the emirate's booming real estate property is becoming a bellwether sector, owing to a diverse portfolio of prime properties that work in its favor.

From elegant villas and fully serviced apartments to premium penthouses, the high-end luxury realty segment, in particular, boasts a massive choice spectrum, propelling the emirate as an attractive investment hub compared to other international cities in the world.

Currently, the Dubai high-end residential segment is marching ahead with spectacular growth—a significant number of affluent investors and world’s wealthiest move into Dubai to make the most of the unique luxury living experience it offers, as well as the exceptional cosmopolitan ambience.

This surge in demand stems from the country's exemplary handling of the pandemic, the resounding success of the ongoing Expo 2020 Dubai, and flexible long-term visa options being offered by the UAE government to investors.

Dubai’s luxury property market recorded the third highest price growth among global cities in 2021. 5,205 apartments and 552 villas were sold in the fourth quarter of 2021, with deals valued at AED 17.07 billion. And AED 3.4 billion were transacted in Palm Jumeirah, which is the highest sales volume for