Dubai Luxury Homes and villas

The value of luxury residential property in major Gulf cities grew at the slowest rate in Dubai in 2014, a reverse of historical trends, according to a new report.

Prime real estate prices in Abu Dhabi rose the most in the region and ranked fifth globally with a 14.7% growth while Dubai prices edged up by just 0.3%, Knight Frank’s Prime International Residential Index (PIRI) revealed. The index also showed that luxury residential prices rose by 13.2% in Muscat (ranked 8th globally), by 6% in Riyadh (29th) and 5.3% in Doha (30th).

Some previously strong markets such as Dubai, which saw 17% growth in 2013, saw prices slow markedly due in part due to the UAE Central Bank’s mortgage cap, which is stricter for those purchasing properties above five million dirhams.

Featured News

Dubai developer calls for property supply freeze

Dubai needs to halt all new home construction for one or two years to avert an economic disaster brought on by continued oversupply, according to one of its biggest builders.

Elie Saab to open branded residences in Dubai

Dubai developer Emaar has partnered with fashion designer Elie Saab for a new residential development, ELIE SAAB at Emaar Beachfront.

Emaar Properties to Start Accepting Bitcoin Payments

The world’s biggest property company outside China, Emaar Properties, appears to now be allowing clients to purchase properties using Bitcoin and Ethereum.

Burj Jumeira, Dubai's next super tall tower, is coming in 2023

The Burj Jumeira will soar 550 meters in the air, “inspired by the harmonious ripples of the UAE’s desert sand dunes and its flowing oases.”

Prices and rents set to continue falling in Dubai in 2019

There was a rush to complete property sales in Dubai in the last 10 days of 2018 but experts are predicting that both prices and rents are set to keep falling in 2019.

Dubai homes 22% cheaper than market peak in 2014

Property values in Dubai are 22.3 per cent cheaper since the peak of mid-2014, according to a third quarter report issued by consulting firm ValuStrat.

PropGOLuxury offers the greatest selection of Dubai luxury homes for sale and Dubai luxury homes for rent on a convenient property listing portal. If you are looking to buy Dubai luxury property or lease Dubai luxury property we make it easy to find your dream home by letting you filter using listing search results. You can also find local Dubai real estate agents and Dubai property professionals to help you sell Dubai luxury homes or rent your Dubai luxury homes.