In Dubai, branded homes command double rents, driven by luxury amenities and high demand. The influx of high-net-worth individuals is transforming the market, making Dubai a long-term choice. Branded residences see premium rents, with some units doubling non-branded rates. Dubai’s real estate market experiences a surge in branded launches, attracting global elites. Market expert Lewis Allsopp predicts growth until 2025–2027 when off-plan rentals meet demand. Luxury homes, especially in prime locations, show potential for significant price increases.
Knight Frank’s data ranks Dubai as the top city for $10 million-plus homes, favored for its stable market and no real estate tax. Buyers seek quality, value, and a tax-free lifestyle, choosing Dubai for long-term stays. Super-luxury homes set records, reaching $4,000 per square foot. Chris Whitehead notes Dubai’s undervalued super-luxury real estate, attracting buyers for year-round living.
Anticipating continued demand into 2024, driven by a shortage of new inventory, Dubai’s real estate market matures as buyers opt to stay, creating positive prospects for super-luxury properties.