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The Rich Find Haven in Dubai, and Luxury Home-Sale Boom Ensues

UAE To Allow Full Foreign Ownership Of Local Businesses

Photographer: Francois Nel/Getty Images

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The wealthiest home buyers fleeing virus lockdowns for Dubai are still finding bargains aplenty, turning March into the busiest month ever for the emirate’s top-end residential properties.

A record 84 properties, each worth 10 million dirhams ($2.7 million) or more, changed hands last month, according to data from real estate consultant Property Monitor. In total, Dubai’s priciest homes fetched 1.7 billion dirhams in March.