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Dubai Real Estate: Multi-millionaires from the emerging markets are – get this – heading to Dubai! They are in a pursuit of cheap real estate and higher prospects of growth in the city. Knight Frank’s most recent annual survey forecasted that the residential sales in Dubai reached 119 thousand homes with nearly AED 350 billion of total value in the year 2023.
This survey showed you the type of property investment in Dubai that is of interest to millionaires
Knight Frank’s global research included 217 participants from 11 different countries with a minimum net worth of $20 million. The result ranks that the United States, China, Canada, United Kingdom, and India as the largest investors by millionaires who plan to invest in the property sector of Dubai.
For GCC-based high net-worth individuals (HNWI), the top areas are:
For global HNWI, the top preferences are:
Source: Millionaires – Knight Frank
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