22 December 2013
Through the end of this year’s 3rd Quarter, the emirate of Dubai’s residential property prices are the world’s fastest rising, surpassing the extraordinary price rises in China, Hong Kong and Taiwan, according to renowned property broker Knight Frank.
Get this ~ Through the first nine months in 2013, residential prices in Dubai increased 28.5%, compared to a global average of 4.6%. For reference, the global index now stands at 4% above its previous peak in the 2nd Quarter of 2008.
Digging further, the data shows Dubai’s growth actually slowed in the 3rd Quarter, partially allaying fears of another real estate bubble in the emirate — emphasis on partially.