Dubai's Off-Plan Luxury Homes Achieve $1.01 Billion in Sales

Summary:

In June, Dubai's luxury real estate market saw off-plan home sales reach AED3.72 billion ($1.01 billion), with villa buyers contributing AED1.61 billion across 141 transactions and apartment sales totaling AED2.12 billion from 166 deals. The most activity was in the AED5-10 million villa range, while apartment sales were concentrated similarly. Additionally, developers recorded AED1.01 billion in sales of 58 ready properties above AED5 million. CEO Talal M Al Gaddah noted the market's resilience, highlighting ongoing investments in luxury developments like Keturah Reserve and the Ritz-Carlton Residences.