Dubai’s established locations account for bulk of luxury home sales

iStock/ Mohammed Tareq

Established areas of Dubai continue to rank high on the radar of buyers looking for luxury apartments valued above AED 10 million.

That’s according to new research from Property Finder, which found that Downtown Dubai and Palm Jumeirah saw the highest volume of transactions during the first 10 months of this year.

Business Bay, Jumeirah and JBR were some of the other popular locations for big-ticket purchases.

When it comes to luxury villa sales, both established and new communities have performed well, with Dubai Hills Estate, the Palm Jumeirah and MBR City leading the way.

A AED 90 million villa at District One in Mohammed Bin Rashid City is the costliest house purchase in Dubai so far this year.

More from Business

Coming Up on Dubai Eye

  • The Debrief

    4:00pm - 7:00pm

    Join Dane & Lucy on Dubai Eye 103.8 for The Debrief from 4pm to 7pm, the perfect way to unwind after a busy day at the office.

  • The Score

    7:00pm - 9:00pm

    Hosted by Chris McHardy, The Score is your comprehensive guide to the world of sport.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!