Dubai’s witnesses 56% surge in high-end property prices in 2021: Bloomberg

  • 6/1/2022
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RIYADH: Dubai saw the biggest growth in high-end property prices worldwide in 2021, with prime property prices increasing 56 percent, Bloomberg reported citing Knight Frank. This was partly driven by the government’s quick response to the COVID-19 pandemic, which brought in money from around the globe. The growth rate was greater than any other major city, surpassing increases of 1.3 percent in London, 3.6 percent in New York and 19 percent in San Francisco.

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