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- Dubai luxury real estate market is one of most fast-growing and affordable
Dubai Luxury Real Estate Market is One of Most Fast-growing and Affordable in the World
– According to the consultancy firm, Knight Frank.
Across the world, prices of luxury property rose by an average of 3.1% in 2023.
TOP 3 Markets
- Manila increased by 26%
- Dubai increased by 15.9%
- Bahamas increased by 15%
It is predicted that in 2024, Dubai will take the 3rd place with a 5% increase in prices.
Dubai is the world's most active $10 million+ property sales market.
Despite the high rates of price growth:
$1 million secures 91m2 of residential space in Dubai.
It's 3 times more than in London, New York, or Singapore. In Monaco, $1 million will allow you to buy only 16m2.
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