Dubai luxury property market looking up

Tuesday, 30 July 2019 09:42

The luxury property market in Dubai is looking good.

At least that's according to a new report by Property Finder, which found that high-end communities in the emirate are seeing a revival in buyer interest.

They say homes in areas like Palm Jumeirah, Downtown Dubai and Emirates Hills have seen robust sales so far this year.

Property Finder has registered 194 transactions for the luxury housing market in the first half of this year, compared to 115 in the same period last year.

Areas that were once considered overpriced are now attractive for investors as prices have declined.

They say there's also plenty of activity happening in new projects like Dubai Hills Estate and Mohammed Bin Rashid City.

More from Business

Ambani's Reliance Jio considers 2.5% public offering in 2026 India IPO, sources say

Reliance Jio Platforms is considering an initial public offering this year that would float 2.5 per cent of the company, people familiar with the matter said, a move that could make it the country's largest-ever IPO worth more than $4 billion.
Abu Dhabi launches $2 billion 'Global Water Platform'

A $2 billion Abu Dhabi Global Water Platform has been launched to support the global water sector by strengthening water and food security in developing countries.
Ford to offer its first eyes-off driver-assistance system in 2028

Ford Motor has announced on Wednesday it would bring Level 3 driver-assistance systems to market in 2028, allowing drivers to take their hands and eyes off the road while operating on certain highways.
Parkin to manage smart parking at select Spinneys, Waitrose stores

Parkin has signed an agreement to manage parking facilities at six Spinneys and Waitrose supermarkets across the city, as part of efforts to ease congestion and improve access at busy retail locations.