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Dawn of Roaring Twenties Seen as Dubai’s Luxury Home Sales Soar

Dawn of Roaring Twenties Seen as Dubai’s Luxury Home Sales Soar

(Bloomberg) — A record burst of sales in the priciest corners of the global property market may be ushering in a post-pandemic era of exuberance in real estate — with Dubai among the front-runners.

The Middle East business hub is the latest city to light up with what Knight Frank LLP called “a spectacular post-Covid rebound in luxury home sales.” In the first five months of the year, 22 properties worth more than $10 million found a buyer, the most since 2015 and up from a total of 19 last year.

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Thebudguru

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