Mega-mansions, penthouses: Most expensive Dubai homes sold in 2021

Mega-mansions, penthouses: Most expensive Dubai homes sold in 2021

From mega-mansions to plush penthouses, Dubai luxury realtors have reported a 48 percent surge in sales of ultra-high-end properties in 2021.

Dubai’s prime residential market received the surge in sales volume in Q2 2021, with 4,681 apartments and 818 villas sold worth a collective $4.5 billion, according to analysis by Luxhabitat Sotheby’s International Realty, which shows foreign buyers flush with cash have flooded Dubai’s high-end property market.

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Palm Jumeirah, MBR City, Downtown Dubai

The most popular areas have been Palm Jumeirah, MBR City and Downtown Dubai, with Chris Whitehead, managing partner at the realtors, saying: “The post-COVID resilience of UAE’s economy is attracting immense wealth from across the worldand specially from Europe, England and Americas.”

“This exponential growth in high-net-worth end user buyers is here to stay and it will increase the demand for luxury sector properties through 2021 to next year.”

George Azar, chairman of Luxhabitat Sotheby’s, points out that Dubai is particularly good at offering two key features of luxury living that are especially sought after - customization and service.

“Given the high price tags of the higher end luxury properties, investors and buyers want to get the most value