Dubai’s Luxury Home Market Is Booming as Wealthy Buyers Flock to City
- Dubai’s prime real-estate prices jumped 89% over the past year
- Sale of properties priced over $10 million also hit fresh high
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Dubai’s prime real-estate prices jumped 89% over the past 12 months, buoyed by a deluge of wealthy buyers setting up second homes in the city, according to property consultant Knight Frank.