Affordable luxury

Dubai tenants turn to ownership, boosting demand for affordable luxury homes

Symbolic Developments, the real estate arm of Speedex Group, has launched its fourth residential project, Symbolic Altus, in Liwan, valued at Dh150 million As rental prices continue to climb across Dubai, a growing number of long-term tenants are making the leap to homeownership — fueling demand in the city’s mid-market, affordable luxury segment. Developers are responding with projects that blend...

Dubai: Mid-range homes in Dh1-3 million range now driving property market

This segment continues to anchor market activity, reflecting the depth of demand for mid-market housing from both investors and end-users Towers in Dubai. Business Bay and Downtown Dubai dominated the sales of ready homes in the emirate last month. File photo Dubai’s mid-market property segment, with a price range of Dh1-3 million, which now anchors demand, continues to grow due to an increase in...

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