to a recent report, the real estate market in Dubai showed good results and ranked fourth
in the world in terms of the growth in the cost of luxury housing in the first
half of the year, as prices increased by 4.7% compared to an average of 2.4% in
30 cities around the world. This was largely due to the high activity of
wealthy individuals and investors as a result of the successful strategy to
combat COVID-19 and visa reforms.
to the Savills Prime Residential Index: World
Los Angeles, San Francisco
and New York were the four other U.S. cities ranked first in the ranking, and Dubai was the only
foreign city in TOP-5.
study by Savills also ranked Dubai
as the third best place in the world for foreigners, thanks to its extensive
visa program, favorable climate, excellent transport accessibility and an
established luxury housing market.