A, Global Hub for Ultra-Luxury Real Estate Dubai has solidified its place as a premier destination for billionaires and millionaires seeking exclusive living. The city’s prime property market recorded a 6.8% rise in capital values and a 23.5% rental increase in 2024, driven by high-net-worth individuals and family offices relocating to the UAE.
Dubai’s market now leads globally in $10 million+ home sales, outperforming cities like New York and London. Property prices per square foot remain competitive at $930, compared to $3,860 in Hong Kong or $2,590 in New York. Investors from Singapore, Monaco, and Europe are entering the market in record numbers.
Record-breaking sales, including a Dh600 million villa on Palm Jumeirah, underline growing demand for ultra-prime addresses. Explore Palm Jumeirah projects.
Developers in Dubai are introducing amenities such as branded interiors, private gyms, saunas, wellness centers, and even residences with in-unit garages for supercars. Prime properties now reflect true exclusivity in every detail.
Dubai’s secure environment adds to its appeal. UHNWIs are drawn to the freedom to display wealth and enjoy elite lifestyles without concern. The city’s safety, quality healthcare, and top-tier education make it a preferred base for global elites.
Forecasts indicate 8–9.9% prime price growth through 2025. Capital appreciation and lifestyle appeal are drawing a new wave of global residents and investors.
Many choose to rent before purchasing, driving rental demand in high-end neighborhoods. Short travel times to Europe, ease of doing business, and digital connectivity further position Dubai at the center of global wealth flows.
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