Dubai's Luxury Residences Double Rents as Market Matures
CategoriesDubai Real Estate Real Estate News

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.

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