Data revealed that the Palm Jumeirah dominated the luxury homes market during Q1, registering deals worth $628 million.
An analysis from global property consultant, Knight Frank said that a total of 105 homes priced above $10 million were sold in Dubai during the first quarter of the year, marking a 19% increase compared to last year.
The total value of luxury homes sold during Q1 amounted to $1.73 billion, reflecting a 6% rise from Q1 2023. This growth further solidifies Dubai’s position as the world’s busiest market for homes priced at $10 million or more.
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