Prime residential values in Dubai up by 88.8% says Knight Frank ...United Arab Emirates

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Prime residential values in Dubai up by 88.8% says Knight Frank
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 14
Analysis by Knight Frank has revealed that prime residential values in Dubai have risen by 88.8% in the last 12 months. The firm notes that the Palm Jumeirah, Emirates Hills and Jumeirah Bay Island are key areas in the city in terms of residential values. “Prime residential values in Dubai continue to strengthen, growing by 29% in Q3 alone, fueled by a persistent deluge of ultra-high net worth individuals (UHNWI) who are zeroing in on Dubai’s premier districts, in search of second homes. This trend marks a significant departure to the emirate’s two previous market cycles, where the overriding flavour of buyers was linked to buy-to-let or buy-to-flip purchases,” said Faisal Durrani, Partner –

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