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Jumeirah Bay recorded the highest price per square meter of real estate in Dubai in the market history

Jumeirah Bay recorded the highest price per square meter of real estate in Dubai in the market history

One of the Dubai hotel chains, located in the Jumeirah Bay Island area, recently announced that it was able to sell the most expensive residential property in Dubai market. We are talking about a three-room apartment at a really historically record price of $36,994 per square meter.

This property is elite in every sense, but even in its category, such a price is a rarity.

Its price included a unique location on a man-made island in the form of a seahorse, and an exclusive interior design made in antique Italian style, a variety of places for leisure and recreation.

Dubai real estate market has become an object of active discussion in 2022. Against the background of a sharp influx of wealthy foreigners from all over the world, the market has already surpassed such world leaders as Paris, London, New York and Hong Kong.

At the beginning of this year, Dubai was ranked as the third largest market in the world with the highest growth in the capital value of residential real estate, which in 2021 amounted to an impressive 17%.

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