Dubai’s prime residences set to lead global price rise says Knight Frank ...United Arab Emirates

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Prime residential prices in Dubai are set to experience the strongest price growth globally, according to property consultancy Knight Frank. Currently, top-priced neighbourhoods include The Palm Jumeirah, Emirates Hills and Jumeirah Bay Island. Dubai’s perennial challenge has been its ‘build-it-and-they-will-come’ mantra, which has resulted in more homes being built than the market is capable of absorbing. In this cycle, however, the opposite is true: the number of new high-end homes planned is failing to keep pace with demand, according to Knight Frank in its ‘2023 Prime Predictions – Dubai Edition’ report. Bulgari Lighthouse on Jumeirah Bay Island (31 apartments) and Alpago’s Palm Flower o

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