Dubai's Insatiable Demand for Luxury Real Estate

The luxury real estate market in Dubai has seen significant growth, with sales of homes priced at $10 million or more increasing by 19% in early 2024. This surge is driven by factors such as easier access to golden visas, an influx of wealthy investors, and the arrival of new millionaires. New luxury developments, including branded projects, are thriving, highlighting the strong demand for high-end properties in the region.

What was the percentage increase in sales of homes priced at $10 million or more in the first quarter of 2024?

• 10%

• 30%

• 19%

• 25%

Which factor contributed to the surge in demand for luxury real estate in Dubai?

• Easier access to golden visas

• Reduction in construction costs

• Introduction of new luxury brands

• Decrease in property taxes

How many millionaires are expected to arrive in the UAE this year, potentially boosting the real estate market?

• 7000

• 6000

• 5000

• 8000

Which of the following is a new luxury development mentioned in the transcript?

• Eiffel Tower Residences

• Trump Tower project with DA Global

• Dubai Marina Mansions

• Burj Khalifa Villas

What percentage of total sales do branded developments now make up in Dubai's luxury real estate market?

• 10%

• 15%

• 20%

• 25%