Dubai luxury property market looking up

123RF

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

  • DEWA updates billing on water consumption

    Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.

  • UAE, Japan to complete CEPA by end of year

    The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.

  • US judge blocks Musk's DOGE from accessing payment systems

    A federal judge temporarily blocked a Trump administration panel led by billionaire Elon Musk from accessing government systems used to process trillions of dollars in payments, citing a risk that sensitive and confidential information could be improperly disclosed.

  • Du services interrupted due to 'technical issue'

    UAE telecom operator Du confirmed a technical error led to the disruption of its services on Saturday as users were left without internet or landline services.

  • RTA to offer 300 exclusive license plates at auction

    Dubai’s Roads and Transport Authority (RTA) is to offer 300 exclusive two, three, four, and five-digit license plates for private and vintage vehicles as well as motorcycles at its upcoming 78th e-auction.