There is still enough demand for $10 million homes in Dubai from the world's wealthy.

DUBAI, United Arab Emirates — Emirati property magnate Hussain Sajwani is on a high following a record start to the year for Dubai's property market.

Samana Waves in Jumeirah Village Circle will have over 200 apartments when it is completed in 2025.

The Emirate of Dubai has topped a new global real estate index for those seeking a secondary residence or citizenship, despite the fact that Portugal, Turkey, and Greece are the preferred destinations for Indians seeking residency or citizenship.

The Dubai Land Department reported a total of 2,098 real estate transactions worth AED4.5 billion during the week ending February 18, 2022.

The Dubai real estate market recorded 5,797 sales transactions worth Dh16.69 billion last month, making it the best January on record, according to Property Finder's monthly report released on Thursday.

Despite COVID-19 variants causing market uncertainty, experts predict that Dubai real estate will continue to attract global investors this year, as strategic government initiatives, visa reforms, a resilient economy, and a successful pandemic strategy will continue to attract global investors.

Following luxury homes, mid-market properties will have their day in the sun.

Rents for villas and apartments in Dubai will continue to rise this year, but at a slower rate.

Mirdif, Akoya Oxygen, and JVC all reported high demand for affordable villas.