{"id":3749,"date":"2019-07-31T08:08:10","date_gmt":"2019-07-31T08:08:10","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3749"},"modified":"2021-06-04T14:34:42","modified_gmt":"2021-06-04T07:34:42","slug":"luxury-dubai-transactions-pick-up-in-h1","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/luxury-dubai-transactions-pick-up-in-h1\/","title":{"rendered":"Luxury Dubai transactions pick up in H1"},"content":{"rendered":"

Prime sales rise on the back of lower home prices and looser visa rules<\/p>\n

\"\"
Dubai marina skyscrapers looming over the skyline. IR Stone\/Shutterstock<\/figcaption><\/figure>\n

Transaction volumes in Dubai\u2019s luxury home market were on the upswing in the first half of 2019, reported Zawya<\/a>.<\/p>\n

Around 194 luxury homes were transacted in the first six months of 2019, up from 115 units in H1 2018, according to data from Property Finder.<\/p>\n

The number of transactions in the luxury market has increased alongside more attractive prices for prime homes in the emirate, according to Lynnette Abad, director of data and research at Property Finder. \u201cWe expect this trend to continue as long as the prices align with investor expectations.<\/p>\n

More: The builder of the world\u2019s tallest building is helping develop the world\u2019s largest airport<\/strong> <\/a><\/p>\n

\u201cPrices in the luxury market were inflated over the past few years; therefore, as prices declined, particularly over the last year, luxury properties have become very attractive, especially to foreign investors,\u201d she added.<\/p>\n

The off-plan sale of a penthouse in Omniyat\u2019s One Palm project for AED74 million (USD20 million) in May is this year’s priciest transaction thus far.<\/p>\n

Dubai still offers the \u201cbest value for money\u201d compared to other key prime housing markets around the world, such as London, New York, Paris and Singapore, Abad said. Such value proposition could account for a resurgence of buyer interest in the emirate\u2019s luxury properties.<\/p>\n

“In addition, Dubai has implemented new, strategic visa legislation linked to investment which has made purchasing a property or setting up a business in Dubai more attractive,” she said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Prime housing transactions rise on the back of lower prices and looser visa rules<\/p>\n","protected":false},"author":8,"featured_media":20205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-3749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_country-uae","news_author-property-report"],"acf":[],"yoast_head":"\nLuxury Dubai transactions pick up in H1 | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/luxury-dubai-transactions-pick-up-in-h1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxury 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