BackThroughout Dubai, we are seeing increasing demand for prime and super prime properties, which can be said to be a direct result of the large number of HNWI coming into the city. As one of the most exclusive and prestigious neighbourhoods in Dubai, it is no wonder that Emirates Hills are seeing growing interest.
There has been a rise in both transactions and demand for properties at the top tier of the market, with the market share for properties priced above AED 20 million increasing by 19.02%, of which 23% were above AED 50 million. Generally speaking, demand is mostly centred around fully upgraded contemporary villas, as well as custom-built mansions. These kinds of properties, when prices in accordance with the market, have short realisation periods due to the overall shortage of stock against the sharp levels of buyer demand.
For more insight into the Emirates Hills market, take a look at our latest report.