The Dubai luxury real estate market continued to attract a steady flow of investment in June, with developers generating sales transactions worth AED3.72 billion ($1.01 billion) for off-plan homes priced above AED5 million.
Developers across the Gulf region need to fundamentally rethink how luxury homes are designed and built, as rising heat stress exposes the limitations of construction materials and methods that were never engineered for this climate, said a top industry expert.
Dubai's luxury real estate market continued to attract strong investment in May, with developers recording almost AED5 billion ($1.36 billion) in off-plan sales for homes priced above AED5 million.
