Dubai is set to expand its ultra-luxury real estate market with a new collection of high-end mansions, attracting wealthy investors globally, Invest-Gate reports.

The price of these exclusive homes will range between $60 mn and $120 mn. Real estate consultancy Knight Frank reported that 435 properties valued at over $10 mn were sold in Dubai last year, surpassing sales in New York and Hong Kong.

Knight Frank predicts a 5% increase in luxury property prices in 2025, following a staggering 67% surge since 2021.