DUBAI PROPERTY PRICES ARE CHEAPER THAN MOST GLOBAL CITIES

Prime property prices in Dubai are cheaper by 20%-80% when compared to major cities such as Monaco, Hong Kong, New York, London, Geneva, Paris, Beijing and Tokyo despite a massive increase in rates during the post-pandemic period.

US$1 million (AED3.67 million) can fetch 105 sqm in Dubai whereas, in places like Monaco, it’ll only get you 17 sqm, 21 sqm in Hong Kong, 33 sqm in New York and 34 sqm in London.

These attractive prices have driven a massive influx of foreign investment into the emirate’s luxury property segment since 2020, thanks to the successful handling of the pandemic and the introduction of new long-term visas boosting demand from foreign investors.