Jumeirah Islands has become the go-to destination for Dubai’s millionaires, recording numerous deals over Dh10 million in the past three years. The most expensive home sold in this exclusive cluster was a luxurious 4-bedroom property, which fetched an impressive Dh28 million in December 2023.
Jumeirah Islands is quickly becoming a prime choice for Dubai’s elite, joining the ranks of Emirates Hills, Jumeirah Bay Island, and Palm Jumeirah. This exclusive area has captured the attention of high-net-worth individuals, with over 10% of deals exceeding Dh10 million in the past three years.
One standout sale was a luxurious 4-bedroom, 5,500 square foot home, which sold for Dh28 million in December 2023. Over the last year alone, 97 homes worth around Dh1 billion changed hands in Jumeirah Islands.
Dubai has fully emerged as a mature real estate market. Other areas like Tilal Al Ghaf, Jumeirah Golf Estates, Al Barari, and Blue Waters are also on track to achieve prime status.
The demand for homes in Jumeirah Islands is high, with available listings dropping by 28% in the last year to just 279 homes. This trend mirrors the 44% decline in prime home listings across Dubai, which now stands at around 4,900 properties.
Buyers are not just purchasing homes at record prices but are also investing heavily in refurbishments, indicating a strong buy-to-hold or buy-to-live trend. This demand for space has driven villa prices up by 17% in the past year, with international buyers particularly interested in waterfront homes and properties with green space access, both of which Jumeirah Islands offers.
The aspiration to buy a villa in Dubai grows with net worth. It increases from 30% for individuals with $2-5 million to 48% for those with over $15 million, and up to 59% among global high-net-worth individuals with over $20 million.
Explore the allure of Jumeirah Islands and see why it’s becoming Dubai’s new hotspot for luxury living.
