Dubai Luxury Real Estate Soars to New Heights with Record $10 Million-Plus Home Sales

In a stunning surge, Dubai’s luxury real estate market has reached unprecedented heights, with a record 277 homes priced over $10 million sold in the first nine months of 2023, according to a recent study by global consultancy Knight Frank. The emirate witnessed a remarkable 40.7% annual increase in such high-end property transactions in Q3, totaling over $1.59 billion. Palm Jumeirah emerged as the focal point, comprising 52.3% of sales in this bracket. With demand outpacing supply, Dubai continues to attract high-net-worth individuals, reflecting its robust and resilient luxury real estate market.