With Dubai attracting an elite audience of millionaires and billionaires, demand for premium, fully furnished, move-in-ready properties is intensifying.
While the UAE is forecast to attract an additional 6,700 millionaires by the end of 2024, the Dubai market has a limited supply of ultra-luxury villas. DXB Interact reports that of the 61,558 villas set for completion over the next three years, only 379 are priced at AED60 million or higher, 833 fall within the AED30-60 million range, and 2,854 are priced between AED15-30 million.
This limited inventory, combined with Dubai’s reputation as a top destination for high-net-worth individuals, points to strong growth potential in the ultra-luxury segment.
The demand for high-end properties is also evident in the resale market, especially for apartments priced above AED10 million. Between 2023 and 2024, resale transactions in this segment surged by more than 25%, from AED9.8 billion to AED12.4 billion.
Notably, this increase includes only resale transactions, and excludes off-plan sales, indicating a strong and consistent demand for luxury properties in Dubai.
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