Dubai property booms as wealthy buyers escape lockdowns
- Date: 31-May-2021
- Source: Jordan Times
- Sector:Real Estate
- Country:UAE
Dubai property booms as wealthy buyers escape lockdowns
By Sarah Stewart
Agence France-Presse
DUBAI “” Dubai's property market is powering out of a six-year malaise as "lockdown dodgers" and wealthy international investors drive a buying frenzy that is breaking records and fuelling an economic recovery.
Luxury villas are the hottest segment in the market, with European buyers, in particular, seeking homes on Dubai's signature Palm Jumeirah man-made island, as well as golf course estates.
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