Dubai’s luxury home sales hit a record in 2021 – The National
- Date: 08-Mar-2022
- Source: The National
- Sector:Real Estate
- Country:UAE
Dubai’s luxury home sales hit a record in 2021 – The National
Luxury homes sales in Dubai reached their highest ever since 2015 last year, with 93 homes worth more than $10 million sold as wealthy international buyers flocked to tap into the emirate's post pandemic recovery, according to a new report.
The growth was led by ultra-high-net-worth buyers from India, Russia and Europe, including buyers from Switzerland and Monaco, property consultant Knight Frank said in a report on Tuesday.
“The international elite continue to have an insatiable appetite for Dubai’s most luxurious homes. 2021 accounts for 39 per cent of all $10m home sales in Dubai since 2010,” said Faisal Durrani, partner and head of Middle East Research at Knight Frank.
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