A new report revealed that the city of gold Dubai is ready to have the best-performing residential sector on the planet.
In the first half of 2022, prices of properties in the city raised by 4.7%. As a result, among 30 major global cities, Dubai ranked fourth in the Savills’ bi-annual study of prime residential capital values.
The top five cities on the list were all from the US except Dubai. It came behind Miami, Los Angeles and San Francisco.
The city attracted many wealthy people and its Golden Visa scheme too witnessed great success, reported National News.
The Savills report added that people came to Dubai for a better quality of life and their increased desire for more space.
