Bloomberg confirmed that there is a great demand for buying luxury apartments in Dubai, whose price exceeds 5 million dollars (18.5 million dirhams), as the emirate is proud of its modern architecture and vibrant lifestyle.
The agency stated that an apartment in the “Private Residences” Jumeirah project was offered for sale at a price of 20.44 million dollars (75.6 million dirhams), and mentioned that there are currently 521 other apartments available in Dubai at a price of more than 5 million dollars.
The luxury real estate sector in Dubai continues to rise strongly, as it has been able to consolidate its global position and occupy the first ranks in the most sought-after places to live and work for wealthy people and investors with good financial solvency.
Reports expect the sector to continue its growth during the current year with the development of demand and the introduction of innovative building models based on artificial intelligence, in addition to obtaining a comprehensive living experience that blends cultural richness, innovative architecture, and exclusive entertainment facilities.