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Dubai News Club > Business > New generation of rich spur boom in Dubai’s luxurious homes market
Business

New generation of rich spur boom in Dubai’s luxurious homes market

Press Room
Last updated: 2022/12/24
Press Room
Published: December 24, 2022
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The Tetris-like Atlantis The Royal luxury development is among the newer landmarks on Palm Jumeirah, the artificial island that is home to Dubai’s elite. When the first of its 231 deluxe residences was offered for sale seven years ago, a two-bedroom apartment could be bought for a mere Dh5.5mn ($1.5mn).

But demand has soared since the pandemic, with owners inundated with requests to sell homes that come complete with swimming pools and terraces offering panoramic views. This summer, one of…

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