Palm Jumeirah dominates Dubai property market
In 2018, the most expensive property sold was an Emirates Hills villa on the secondary market for a whopping AED90 million.
Buyers seem to have a bigger inclination for off-plan super-luxury properties versus the secondary market, going by Dubai Land Department statistics for 2019.
“As property prices decline, both in the secondary and off-plan markets coupled with motivated developers offering many different types of incentives, we are seeing more interest in luxury properties, especially from non-residents.
“In addition, we are also seeing an increase in enquiries for mortgages from non-residents,” said Lynnette Abad, director of research and data, Property Finder.