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This Is Where Luxury Property Prices May Rise and Fall the Most in 2023

Dubai tops Miami, Dublin and Lisbon in prime property price rise forecast.

Residential villas on the waterside of the Palm Jumeirah in Dubai, United Arab Emirates.

Residential villas on the waterside of the Palm Jumeirah in Dubai, United Arab Emirates.

Photographer: Christopher Pike/Bloomberg
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The price of high-end Dubai properties is forecast to rise 13.5% next year, as booming interest from foreign buyers continues to turbocharge the market.

The sun-splashed business hub easily tops Knight Frank’s ranking of prime residential price growth for 2023, with a forecast annual percentage change more than double that of the 5% gain predicted for prime Miami property, which took second place.