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Dubai’s luxury real estate starts 2022 with a bang

Dubai’s luxury real estate starts 2022 with a bang

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According to data revealed by Zoom Property Insights, the luxury real estate market in Dubai has grown by leaps and bounds in the first quarter of 2022 thanks to strong demand from an ever-growing affluent clientele.

 

Despite the Covid-19 pandemic, luxury real estate has seen strong activity during 2021. Indeed, the sector saw a 40% increase in prices compared to 2020. A record 93 homes worth $10 million or more were sold in 2021, with average residential values up 9.2% and villas up 21.2%.

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Featured photo : © Christie’s International Real Estate

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