The world's most active $10 million + property sales market

The world's most active $10 million + property sales market

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  • Dubai became the world's most active $10 million + property sales market

Dubai became the world's most active $10 million + property sales market in 2023

– According to the consultancy firm, Knight Frank.

$10 Million+ Home Sales

– Total value rose by 91% to $7.6 billion, compared to 2022.

– Total volume rose by 92.4% to 431 deals, including:

  1. Palm Jumeirah – 166
  2. Jumeirah Bay Island – 47
  3. Palm Jebel Ali – 36
  4. Tilal Al Ghaf – 29
  5. MBR City – 29

$25 Million + Home Sales

– Total Value – $2.3 Billion

– Total Volume – 56 Deals

– Palm Jumeirah – 22 Deals

Residential plot prices in Dubai have increased by up to 60% during 2023

– According to the developer, Danube Properties.

In most of the areas the prices increased by 20%-30%. In Dubai Maritime City, where Oceanz by Danube has been launched, rose by 50%-60%.

Areas with no availability of new plots or close to reaching their full capacity include:

  • Business Bay
  • Downtown Dubai
  • Dubai Marina
  • Palm jumeirah

Appearance of the new developers and mega communities in Dubai such as The Oasis by Emaar or Azizi Venice leads to higher plot demand.

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