Dubai luxury real estate still reasonably priced: Study

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EmiratesHillsDubai’s prime luxury property market continues to remain affordable in comparison to key global cities despite prices rising by 17 per cent in 2013, the new Knight Frank’s Wealth Report 2014 reveals. The UK-based real estate consultancy states that in Dubai one can buy 146 square meters of prime property for $1 million compared to only 15 square meters in Monaco, 20.6 square meters in Hong Kong, 32.6 square meters in Singapore and 25.2 square meters in London.

Among the 20 cities surveyed, Dubai is placed 19th on the list with Cape Town taking the last slot. $1 million can buy 215.1 square metres there.

In terms of prices, Dubai saw a 17 per cent price increase, while Abu Dhabi registered a 15 per cent rise in 2013. The two emirates were the only ones from the Middle East to find place in the list of top 10 real estate markets. Jakarta was placed first with a price increase of 37.7 per cent followed by Auckland 28.8 per cent and Bali, placed third, with a price rise of 22 per cent in 2013.

KFLISTProperty prices

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Reading Time: 1 minute

Dubai’s prime luxury property market continues to remain affordable in comparison to key global cities despite prices rising by 17 per cent in 2013, the new Knight Frank’s Wealth Report 2014 reveals. The UK-based real estate consultancy states that in Dubai one can buy 146 square meters of prime property for $1 million compared to only 15 square meters in Monaco, 20.6 square meters in Hong Kong, 32.6 square meters in Singapore and 25.2 square meters in London.

Reading Time: 1 minute

EmiratesHillsDubai’s prime luxury property market continues to remain affordable in comparison to key global cities despite prices rising by 17 per cent in 2013, the new Knight Frank’s Wealth Report 2014 reveals. The UK-based real estate consultancy states that in Dubai one can buy 146 square meters of prime property for $1 million compared to only 15 square meters in Monaco, 20.6 square meters in Hong Kong, 32.6 square meters in Singapore and 25.2 square meters in London.

Among the 20 cities surveyed, Dubai is placed 19th on the list with Cape Town taking the last slot. $1 million can buy 215.1 square metres there.

In terms of prices, Dubai saw a 17 per cent price increase, while Abu Dhabi registered a 15 per cent rise in 2013. The two emirates were the only ones from the Middle East to find place in the list of top 10 real estate markets. Jakarta was placed first with a price increase of 37.7 per cent followed by Auckland 28.8 per cent and Bali, placed third, with a price rise of 22 per cent in 2013.

KFLISTProperty prices

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