The demand for luxury apartments in Dubai continues to rise, and the real estate sector remains an attractive factor for investors, as developers offer a diverse range of options. Statistics indicate a change in absorption rates due to increased supply, yet investors continue to search for the real gems in properties with commercial tags.
The luxury real estate market in Dubai is expected to grow significantly by 2025 due to heightened demand and limited supply. Sales of luxury villas and apartments have risen dramatically over the past decade, and ready-made luxury apartments with high value remain a focus of investor interest.
Estimates indicate around 326,000 residential properties currently under construction in Dubai, with a warning about the scarcity of ready luxury properties that may support the continued increase in prices in the coming year.
Regarding new offerings, a report from "FÄM Real Estate" presents a clear picture of a limited number of luxury properties that can enter the market in the coming years. While the focus is on projects nearing completion, demand remains strong for small exclusive projects that command premium prices.
As for future sales, "FÄM Lux" aims to achieve transactions worth AED 10 million, while "Norway Bay FÄM" predicts sales valued at AED 1 million from luxury villas ready for sale.
Developed companies compete to meet customer preferences, particularly concerning premium villas in specific areas such as Jumeira Palm and Jumeira Bay. This competition leads to a continued increase in demand for luxury properties in Dubai, while maintaining a relative balance between supply and demand.
