71 billion dirhams of luxury real estate sales in Dubai last year

A report issued by the “Fäm Real Estate” company expected that the luxury real estate sector in Dubai will continue its strong growth in 2025, driven by a strong demand and limited offer, and a continuous flow of wealthy individuals, and the report indicated that sales of villas and luxury apartments in Dubai, which exceeds 15 million dirhams It has increased dramatically over the past 10 years, to reach 71 billion dirhams in 2024, for the second year in a row, an increase of approximately 688% since 2015.

The report stated that the scarcity of ready -made real estate, amid the interest of buyers and investors, will support the continued growth of prices in 2025, indicating that the latest data from “Dxbinteract” showed that only 16,500 units are under construction in the luxury or luxury sectors, including about 10209 units whose price ranges between Five million and 10 million dirhams, 2360 units, the price ranges between 10 million and 15 million dirhams, and 2831 units whose price ranges between 15 million and 30 million dirhams, 809 units whose price ranges between 30 million and 60 million dirhams, and 330 units exceeding more than 60 million dirhams.

“These numbers confirm the limited offer for very luxurious real estate, which indicates a very exclusive and limited market, as the demand is expected to remain strong for at least three years,” said Firas Al -Masadi.

He added, “The balance of supply and demand will depend on how to receive new projects, but if about 6,500 wealthy people continue to flow annually within the years (2024-2026), then we are likely to witness a fixed demand, which supports high prices.”