Hundreds of buyers patiently lined up overnight outside a Dubai-based developer’s office, eagerly vying for the opportunity to acquire luxury waterfront homes, showcasing the fervor engulfing one of the world’s most dynamic property markets.
Nakheel PJSC, backed by the government, swiftly sold out all the houses available in the initial two phases at the Bay Villas development within a matter of hours. Situated on Dubai Islands, the project is slated to encompass over 500 residences, with prices commencing at $1.2 million each. The most opulent properties are priced at over $4 million.
