Demand holding strong for ultra-luxury properties, Bayut data suggests

Summary:

Recent data from Bayut indicates that Dubai's property market is showing resilience amid geopolitical uncertainty, with demand shifting rather than disappearing. Key segments, including premium sales corridors, mid-market communities, and family-oriented villa rentals, are experiencing a rebound linked to practical housing needs. Notable recovery is seen in villa sales priced between Dh2 million and Dh100 million, particularly in areas like Dubai Hills Estate and Palm Jumeirah. The rental market for villas also remains strong, reflecting underlying housing confidence. Overall, Dubai's market is evolving towards a more mature and selective landscape.