Dubai Weekly Property News Round Up – 15.04.23

Hello,

I hope you have had a restful week. This week we are excited to announce our latest incredible off-plan project in the popular up-and-coming area of Arjan – Beverly Boulevard.

Beverly Boulevard comprises a collection of elegant minimalist apartments with immaculate finishes and 5* resort-standard amenities for residents to enjoy. With a fantastic staged payment plan and excellent prices, we anticipate this boutique low-rise apartment block to sell out fast.

If you are interested in learning more, reply to this article today.

Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you from having to click through.

Episode 61: Where Should You Be Investing Right Now?

– The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

Remember, you can also listen to this week’s newsletter on the podcast as well.

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Property Headlines This Week

  • 11 Most Expensive Dubai Homes on the Market Today – Dubai is home to an endless array of luxury homes for sale and this article takes you through the top 11 most expensive on the market today. The 6-bed, 8-bath Orla Penthouse on the Palm Crescent tops the list at Dhs365,000,000 & features a gym, jacuzzi, sunset firepit, two private pools and a tranquil private beachfront on its doorstep. Atlantis The Royal penthouse is the cheapest on the list, with sellers asking a cool Dhs52,000,000 for the property. This immaculate beachfront property has four spacious bedrooms, a rooftop swimming pool with palm views, and an open-plan living and dining area; perfect for hosting guests in style.

 

  • Property Prices of Villas & Select Apartments Exceed 2014 Peak – The latest CBRE report released on Thursday has revealed that rising property prices across Dubai have now surpassed their 2014 peak level for all villas and certain apartments in popular areas of the emirate. According to the report, while the majority of apartment sales rates are still 17.1% beneath the 2014 zenith, a number of submarkets are seeing rates now beyond their 2014 levels. This strong upward momentum is driven by the huge influx of foreign investors over the past few quarters, combined with billionaires searching for a prime location that offers them a lavish lifestyle.

 

  • Hyper Luxury Dubai Market Sees Massive Price/Sqft Increase – Property experts at LUXHABITAT Sotheby’s International Realty have analysed data from the DLD and reported that the average price of a super prime property has now risen to AED 29.2 million, signifying an 11.9% increase from the last quarter. The data also revealed that Dubai’s super-prime market recorded AED 14 billion in property transactions in the last quarter – a volume drop of nearly 22% since Q4 last year. In Q1 this year, the super prime luxury market represented 21.7% of the sales volumes across the entire Dubai residential market.

    That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected]  – if not, see you next week.

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