Such a 40-storey luxury project is planned by the developer Tiger Properties.

A new 40-story luxury residential project has been launched in Dubai Volga Tower with attractive properties.

Buyers in that category are looking for combinations of luxury, convenience and affordability.

Strong demand for affordable, high quality apartments and a significant rise in luxury real estate prices have helped push up apartment prices in all available areas of Dubai.

And, according to analysts, will continue to grow at least one more, 5 years.

Dubai's real estate market, which continued to grow for the 11th consecutive quarter in the third quarter of 2023, is likely to continue to see "significant price growth" over the next five years as the prices will still be "very affordable." compared to other major cities of the world. In addition, the price growth will also be affected by the shortage of new housing offers in the coming years, analysts say.

And the average real estate prices rose 19.1 percent in October data.

Residential real estate transactions in Dubai in the first 10 months of 2023 surpassed by number record transaction volume last year, emphasizing the steady growth in demand in the secondary market and in the construction phase, both from foreign investors and new migrants.