News: Dubai’s Luxury Property Market Is Cashing in on the Global Slowdown
The emirate’s phenomenal growth is luring a horde of extravagantly rich customers. In March, Indian billionaire Mukesh Ambani sold an $80 million house in Dubai for his youngest son, setting a new record for the city’s real estate market. A few weeks later, a different customer paid 302.5% ($82.4%) million for an eight-bedroom, 18-bathroom property on the city’s artificial tree-shaped island of Palm Jumeirah.… Read more