Dubai Luxury Property Volumes Set Another Record
Q1 transactions above AED 50 million crossed 280 — more than the entire 2021 calendar year — as ultra-prime supply continues to lag demand.
Dubai Land Department data confirm 284 luxury residential transactions above AED 50 million in the first quarter — a figure that exceeds the total recorded for the whole of 2021.
Palm Jumeirah, Emirates Hills, Jumeirah Bay Island and Bulgari Resort & Residences accounted for the bulk of the trophy activity. Average transaction values in the segment crossed AED 95 million.
Buyer composition continues to skew international. Russian, Indian, British and increasingly Chinese ultra-high-net-worth purchasers are most active, with the introduction of the new Golden Visa-aligned property categories continuing to support demand.
Developers including Sobha, Emaar, DAMAC and Omniyat are accelerating launches in the ultra-prime segment, but completion timelines suggest the supply-demand imbalance will persist through 2027.
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