Luxury property market

Dubai’s luxury real estate market continues to break records, with buyers from around the world snapping up high-end properties at record prices. In the first nine months of 2023, the total value of luxury property sales in Dubai reached $4.91 billion, according to real estate consultancy Knight Frank. This is more than double the amount sold in the same period last year. The average price of a luxury...

Chinese and British speculators have surpassed their Indian rivals Chinese and British investors has outnumbered Indians as the leading buyers of luxury residential properties in Dubai. Indians had previously held this position. The first three donors in the two years prior to the outbreak, 2018 and 2019, were Saudis, Emiratis, and Indians. Chinese and British speculators have surpassed their Indian...