Unique Properties observes significant growth and price increase in UAE’s luxury real estate sector

Unique Properties observes significant growth and price increase in UAE’s luxury real estate sector

- Dubai ranked fourth for cost growth of luxury properties during the same period

- Dubai is the 23rd most popular city for HNWIs; it is expected to be top 20 by 2030

Dubai, UAE: One of Dubai’s leading real estate agencies, Unique Properties, has observed a consistent trend of luxury property purchases increasing in the UAE. Dubai saw an 18% rise in high-net-worth individuals (HNWIs) over the year's first six months. The emirate is projected to overtake the US and UK in attracting the highest net inflow of millionaires, globally, by the end of 2022. Unique Properties anticipates investment in Dubai’s luxury real estate segment will keep climbing as more HWNIs make the UAE their home.

Recent data shows that Dubai’s real estate market ranked fourth in the world, in terms of the growth in the cost of luxury properties during the first half of 2022; prices increased by 4.7% compared to an average of 2.4% in 30 cities across the globe. Dubai was the only foreign city to place in the top five alongside New York, San Francisco, Los Angeles, and Miami.

Price increases in the luxury property segment are a welcome sign as demand has continued to rise. The UAE’s appealing