Property in: Dubai

The Launch Of The St Regis Residences Saw AED1bn Sales In 60 Minutes

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The recent launch of new homes at the St. Regis Residences welcomes an influx of buyers securing AED1bn worth of homes in the first hour.

Demand for new property in Dubai, including luxury new build homes, is rapidly growing. The recent launch of the St. Regis Residences is a case in point, as the new development saw AED1bn sales in the first 60 minutes.

New Homes At The St. Regis Residences

This new development is a 250-metre-tall residential tower that will deliver 402 new flats and apartments by 2025. Just recently, the first 232 new units were launched, with 70% of properties secured in the first hour.

New branded residences at the development range from 1-bed flats to spacious 3-bedroom homes and penthouses and feature top-tier amenities like furnished kitchens, multiple balconies, dedicated parking spots, and other 5-star services.

New Property In Dubai: March 2023

Current market data suggest significant gains in residential property sales in Dubai in 2023 against the same time in 2022. Generally, premium areas like Downtown Dubai and Palm Jumeirah drive most of these luxury home sales in Dubai.

For instance, one of the new penthouses at the St. Regis Residences was secured at AED42m, with the new owner enjoying a spacious 5-bed unit, a private pool, and 360-degree vistas.

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