Dubai’s luxury home market to continue its golden run in 2022

Dubai’s luxury home market to continue its golden run in 2022

Post Expo landscape looks bright for the emirate's luxury home market as it is brimming with new opportunities for buyers and investors

The year 2021 saw an increased activity in the luxury housing sector as it recorded a 40 per cent surge in prices compared to the preceding year despite the pandemic challenges. — Supplied photo

By Staff Report Published: Thu 7 Apr 2022, 3:41 PM

Dubai’s luxury home market is poised to thrive and continue the high momentum in 2022 as it is supported by rising demand and interest from the international elite, according to the Zoom Property Insights.

The real estate consultancy said post Expo landscape looks bright for the emirate's luxury home market as it is brimming with new opportunities for buyers and investors.

“The luxury home market has started on a high note with a significant jump in transactions of 30 per cent on a year-on-year basis as it recorded 4,083 deals in January 2022. The aver-age property prices [per square foot] also witnessed an increase of 35.1 per cent during the month,” according to the Zoom Property Insights.

Luxury homes in demand

The year 2021 saw an increased activity in the luxury housing sector as it recorded a 40 per cent surge