Driven by strong demand for high-end branded residences like Bugatti Residences and Vela Viento, Business Bay surpassed Palm Jumeirah as Dubai's most active prime property market in August 2026 with 14 prime transactions compared to Palm Jumeirah's 10. Despite an overall market decline in total transaction volume (down 37% year-on-year) and value (down 44%), high-net-worth buyers demonstrated targeted selectivity by favoring off-plan luxury projects over resale properties. Ultra-luxury off-plan deals rose 12% year-on-year while prime resale transactions plummeted 67%, alongside significant growth in off-plan villa and townhouse sales value, which surged 204% compared to the previous year, signaling a broader geographic expansion of Dubai's prime real estate footprint. (ICE DUBAI)

Fonte notizia: https://gulfnews.com/