Dubai is number one globally for homes above US $10mn ...United Arab Emirates

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Dubai is number one globally for homes above US $10mn
The volume of super-prime homes sold in Dubai, priced at over US $10mn, totalled $1.59bn during Q3, according to the latest market analysis by global property consultant, Knight Frank. Faisal Durrani, Partner – Head of Research, Middle East & Africa, explained: “Demand for luxury homes in Dubai remains resilient and supply continues to stubbornly lag demand. The total number of $10mn+ home sales in Dubai for the first nine-months of the year has hit 277, a record high with three-months of the year still left to run. This builds on Dubai’s emergence as the world’s busiest $10mn+ sales market during H1, ranking ahead of New York (125), Hong Kong (109), and London (99).” The average transacted

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