Growing Demand for Luxury Homes in Dubai

Expert assessment of Dubai's luxury real estate market  

According to Bayut, from January to August 2024, the number of transactions for residential properties priced at $2.7 million and above in Dubai increased by 62%.  

What lies ahead for the luxury real estate market?  

Ben Thomas, Head of Secondary division at AX CAPITAL, shared his forecast in an interview with business magazine, Gulf Business: 

“Looking ahead to Q4 2024 and Q1 2025, we anticipate sustained demand for luxury properties. It is driven by high-net-worth individuals (HNWIs) attracted to Dubai's unique lifestyle and favourable tax benefits”.

He also noted that:  

• Limited Supply in the Market Will Drive Further Price Growth in Premium Segments
• Foreign Investments Will Remain Strong

Particularly active are buyers from Europe and Asia, who seek developments featuring exclusive cultural, leisure, and wellness amenities.

AX CAPITAL specializes in addressing the sophisticated needs of VIP clients within Dubai's luxury real estate market.

“We offer a range of bespoke services, including private chauffeured transportation, exclusive access to off-market listings, and discreet transaction management from our luxurious offices”.