![Dubai’s Real Estate Market Reigns as Global Luxury Leader 1 Dubai’s Real Estate Market Reigns as Global Luxury Leader Sources:– Knight Frank LLP– The Economic Times](https://gulfestategazette.com/wp-content/uploads/2023/10/Dubais-Real-Estate-Market-Reigns-as-Global-Luxury-Leader--780x470.png)
Dubai has solidified its position as the world’s most active luxury real estate market, attracting a staggering $1.59 billion in investments during the third quarter. The market has experienced a record-breaking 277 sales of properties valued at $10 million or more in the first nine months of the year, resulting in a total of $4.91 billion in transactions. This remarkable performance has firmly placed Dubai ahead of other prominent cities like New York and Hong Kong in the realm of luxury real estate.