Defying global trends, Dubai’s luxury real estate market is showing incredible resilience. Bolstered by a flock of high net-worth buyers, high-end real estate prices have jumped 89% over the past year and the sale of ultraluxe properties priced at more than $10 million reached an unprecedented level.
It comes as little surprise then that the launch of the city’s latest branded residential tower, St. Regis Residences, Financial Center Road, saw 70% of its units sell out in the first hour, totaling over AED 1 billion in sales.
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