HNWI surge set to propel Dubai’s ultra-luxury realty to new heights

In the first quarter, Dubai’s residential property market surged to $110 billion boosted by a 55% surge in investment inflows

Riding the crest of a property boom on the back of a remarkable surge in investment inflows through the first quarter, Dubai’s realty is projected to see a 24.6 percent increase in high-net-worth individuals by 2025, “propelling the ultra-luxury segment to unprecedented heights”.

In the first quarter, Dubai’s residential property market surged to $110 billion boosted by a 55 per cent surge in investment inflows, with 42 per cent of new investors hailing from international markets, Springfield Properties, a leading real estate brokerage in Dubai, said its Quarter 1, 2024 Market Insights Report.