Bloomberg News Agency revealed that a penthouse apartment in the Palm Jumeirah area is for sale for $7.49 million (AED 27.5 million).
The agency confirmed that this deal confirms the continued prosperity of the luxury real estate market in Dubai, which currently includes 505 apartments for sale worth more than $5 million (AED 18.3 million). This diversity in prices and distribution reflects Dubai’s attractiveness as a distinctive destination for luxury living and real estate investment.
The luxury real estate market in Dubai is witnessing remarkable growth, due to the increasing demand for luxury properties, especially from investors looking for long-term investments and high rental returns.
Dubai continues to consolidate its position as a destination for investors and a preferred choice for those seeking luxury real estate in the world, thanks to its unique projects and distinguished properties. Despite the continuous increase in real estate prices, Dubai remains the preferred choice for investors and those seeking luxury real estate in the world, outperforming many ancient cities due to its uniqueness and the variety of options it provides.