D
ubai's high-end real estate market has reached unprecedented heights, with sales of luxury homes exceeding $2.6 billion in the second quarter. This represents a 37% increase from the same period last year, according to Knight Frank. Notably, apartments have outshone villas in this elite segment, with beachfront properties in The Palm Jumeirah and La Mer districts being particularly sought after.

    The Dubai property market is experiencing a surge in prices due to its appeal to affluent residents and investors. To encourage new home ownership, the city is offering discounts on fees and low mortgage rates. As a result, Dubai has become the world's most active market for luxury home sales, with trading in this segment rivaling that of London and New York combined.