Dubai luxury home sales reach 5b dirhams in May
The luxury real estate market in Dubai experienced a record-breaking month in May, with sales exceeding 5 billion dirhams for high-end off-plan homes. Villa sales reached 2.51 billion dirhams through 184 deals, while apartments totaled 2.45 billion dirhams across 207 transactions. The sales were concentrated mainly on villas within the price ranges of 10 to 50 million dirhams, reaffirming Dubai's reputation as a prestigious destination for investment in luxury real estate.
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