Record Luxury Property Sales

Record Luxury Property Sales

105 homes priced at $10 million+ sold in Dubai in 01 2024

– This is 19% more than the same period 2023.

According to the consultancy firm, Knight Frank, in the first 3 months of 2024, the total value of premium real estate transactions in Dubai was $1.73 billion.

TOP 5 Areas:

1. Palm Jumeirah – $628 million
2. Jumeirah Bay Island – $191 million
3. Dubai Hills Estate – $121 million
4. Al Wasl – $112 million
5. Palm Jebel Ali – $110 million

In Dubai, $1 million secures 3 times more residential space than in London.

Arada Properties is expanding its megaproject in Sharjah.

The developer has signed contracts for the construction of the 4th phase of Masaar project, the premium community, Azalea.

Location: Al Suyoh Suburb 

Number of Units – 565

Value – $167 million

Benefits:

• 70,000 Trees
• 6,6 km Cycleway 
• Kids' Water Play Area
• Skate Park, etc.

Handover – Q4 2025