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Dubai’s established locations account for bulk of luxury home sales

Wednesday, 4 December 2019 at 12:16

iStock/ Mohammed Tareq

Established areas of Dubai continue to rank high on the radar of buyers looking for luxury apartments valued above AED 10 million.

That’s according to new research from Property Finder, which found that Downtown Dubai and Palm Jumeirah saw the highest volume of transactions during the first 10 months of this year.

Business Bay, Jumeirah and JBR were some of the other popular locations for big-ticket purchases.

When it comes to luxury villa sales, both established and new communities have performed well, with Dubai Hills Estate, the Palm Jumeirah and MBR City leading the way.

A AED 90 million villa at District One in Mohammed Bin Rashid City is the costliest house purchase in Dubai so far this year.

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