Dubai’s luxury property market saw unprecedented growth in 2023, with the sale of the UAE’s most expensive penthouse to date headlining a year of record-breaking investment volumes
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Como Residences by Nakheel
Revealed: Luxurious Dubai penthouse sells for record-breaking $136.2mn
The sale set new records, becoming both the most valuable property ever sold locally in Dubai, as well as ranking as the third most expensive penthouse sold globally
Dubai
Revealed: Dubai top choice for international investors seeking affordable real estate with high returns
The Gulf city is also showing a fighting spirit against many established real estate giants such as London, New York, and Singapore to be a top real estate destination in the world
Dubai
Revealed: Inside Dubai’s most expensive home worth $204mn
The property sits on 70,000 square feet of land, with 60,000 square feet of built-up space
Chinese investors
Wealthy Chinese investors to beat Russians in 2023 to drive Dubai’s luxury property market growth
European investors are also expected to increase their investments in Dubai’s high-end housing property assets this year due to high inflation rates in their home countries
Dubai real estate
Lanai Islands ‘most expensive’ mansion sold for over $24mn at Tilal Al Ghaf
Lanai Islands, which is scheduled for completion in 2026, will be the first of two private islands at Tilal Al Ghaf
Abdullah Alajaji
Three-bedroom unit at Bulgari Resort and Residences records highest price per square foot in Dubai’s history
The Bulgari Resort and Residences transaction demonstrates that the luxury segment in Dubai’s real estate market is showing no sign of slowing down, outperforming all other segments as prices continue to skyrocket