Dubai recorded its highest quarterly transaction volume on record last quarter, with total sales value up sharply year-on-year, according to Dubai Land Department data — and the pattern is no longer confined to the emirate's usual prime pockets.
Abu Dhabi and Riyadh are now absorbing a growing share of the same capital pool. Both cities have posted double-digit annual growth in prime residential values, driven by the same mix of regional wealth, relocating family offices and sovereign-backed development programmes that first fuelled Dubai's run.
"Capital that used to stop in Dubai is now touring the region. Abu Dhabi's islands and Riyadh's giga-projects are absorbing overflow demand that has nowhere else regional to go."
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