Dubai is at the top of the ranking of rising prices for expensive real estate

Dubai tops the list of cities with the highest growth in luxury real estate prices

Moreover, he has been leading for the eighth quarter in a row.

According to the Prime Global Cities Index Q2 2023 report, luxury property prices in the emirate have increased by 48.8% over the past calendar year and by 2,25% since hitting a pandemic low in the third quarter of 2020.

The Prime Global Cities Index is an index based on the movement of nominal local currency prices for luxury housing in major metropolitan areas around the world.