In the first quarter of 2022, Downtown Dubai’s Burj Khalifa Zone 4 witnessed the sale of the city’s most opulent apartment for Dh73 million. Similarly, Business Bay’s Dorchester Collection Dubai featured another luxurious apartment that sold for Dh69 million.
Dubai’s Most Luxurious Apartments
Amidst rising expectations of further price appreciation, owners of luxury residences in Dubai are strategically delaying their property sales to maximize profits. Prominent areas like Palm Jumeirah, Jumeirah Bay, District 1, and Dubai Hills are projected to experience an impressive 10 to 15% annual increase in pricing growth.