A research produced by
Despite the popular global assumption that the majority of Dubai’s real estate stock and transaction volumes are concentrated in the prime/luxury end of the market, this sector represents just a small portion of the emirate’s residential market. In fact, only 3% of all residential transactions in 2017 were concluded within this segment.
This may come as a surprise given Dubai’s image as an expensive metropolis with a robust luxury property market; but it is less paradoxical when one considers the large amount of stock that has transacted in the mid- and affordable segments over the past 12 months, overshadowing the prime market that just a few years ago was firmly in the limelight.
In any anomaly one may find opportunity, however, as the market continues to be flooded with new stock in the lower end, the top segment may provide better prospects for investors in the coming few years.
Source : Core Savills