Palm Jumeirah and Jumeirah Bay Island Lead Dubai’s Property Transactions

Palm Jumeirah and Jumeirah Bay Island dominate Dubai’s ultra-luxury real estate market, accounting for 48% of AED 50 million+ transactions in 2024. Other sought-after locations include Mohammed Bin Rashid City, Tilal Al Ghaf and Dubai Hills Estate.

The super-luxury market in Dubai remains strong with transactions for properties priced AED 50 million and above totaling AED 13.3 billion by October 2024. This growth is driven by an influx of ultra-high-net-worth individuals (UHNWIs), increased investor confidence and Dubai’s status as a global luxury hub.

Buyers from the UK, USA, Canada, Germany and the UAE are leading the acquisitions in this high-end market.