Articles on the topic "ultra-luxury homes"

Ras Al Khaimah recorded its highest-value single-unit home sale with the Sky Palace at Waldorf Astoria Residences fetching $35.4 million (Dh130 million), signaling strong international demand for ultra-luxury waterfront properties in the northern emirate.

In 2022, according to Metropolitan Group reports, luxury property prices in the United Arab Emirates doubled, and sales increased by 130%, reaching Dh11 billion. The number of real estate purchase transactions in the country increased more than 10 times compared to the previous year, with the average transaction value being more than 4 million UAE dirhams ($1.2 million).