Dubai mansion sales soar as wealthy flock to palm-shaped island Hindustan Times
Sales of homes with a price tag of $10 million or more climbed 19% in Dubai during the first quarter as the world’s ultra-wealthy continue to flock to the Middle East’s business and tourism hub despite mounting geopolitical tension across the region. A total of 105 luxury homes were sold for $1.73 billion in the first three months of this year, according to property consultant Knight Frank LLP. Sales on Palm Jumeirah, the iconic tree-shaped artificial island off the coast of Dubai, accounted for 36.3% of the activity in the quarter.
