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In 2021, the price of housing in Dubai increased by 44%

In 2021, the price of housing in Dubai increased by 44%

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According to Knight Frank, among the top 100 cities in the world, Dubai stood out by seeing its prices increase by 44% in 2021.

 

Real estate consultancy Knight Frank believes that the global luxury housing boom will not fade this year and that the race will continue, led by Dubai, Miami and Zurich.

 

Faisal Durrani, partner and head of Middle East research at Knight Frank explains, “Unrelenting demand from the world’s wealthy has fueled a dramatic turnaround in Dubai’s residential market, as the authorities’ decisive management of Covid-19 has caught the attention of global investors. And in a market dominated by sentiment, this has helped to dramatically mark the beginning of the city’s third real estate cycle.

 

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Featured photo : © LUXHABITAT Sotheby’s International Realty

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