Source: Envato Elements
Published on 09/26/2024

Dubai Property Owners Profit Up to Dh15 Million from Flipping Units

Trends show a growing interest in sustainable homes and a booming luxury market

Dubai property owners who bought during the Covid pandemic are now gaining significant profits with some making as much as Dh15 million by flipping their units. This trend is particularly strong in sought-after areas like DIFC, Downtown Dubai and Palm Jumeirah. While some investors are holding their properties, many are benefiting from rising prices with profit margins exceeding 30 to 40%. Upgraded properties see even higher returns for instance renovated Garden Homes have sold for over Dh50 million after initial purchases of Dh8 million to Dh10 million.

2-khaleej times villas

Dubai resident transformed a Dh3 million villa in Dubai Hills selling it for Dh8 million, 150% profit. High demand for move-in-ready homes continues with renovated properties selling quickly at premium prices.

Many sellers are reinvesting profits into new developments or upgrading to luxury properties. However, profit margins may cool especially in the villa market due to increased fees.

Trends show a growing interest in sustainable homes and a booming luxury market particularly among high-net-worth individuals seeking unique waterfront properties. Off-plan sales remain strong with buyers increasingly looking to demolish and rebuild in prime areas.


Read more: Luxury Seashell Tower Coming to Palm Jumeirah

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