According 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.

According to the Savills Prime Residential Index: World Cities, Miami, 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.

An early 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.