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Dubai records second highest property price rise in the world: report

Posted on 11 March 2013

Luxury property in Dubai recorded the world’s second highest price increase last year, according to international property consultancy group Knight Frank. The value of top end homes in the emirate rose 20 percent, equal to the island of Bali and behind only the Indonesian capital, Jakarta, which saw luxury property prices increase by 38.1 percent.
According to Knight Frank, the rapid price rise was led by the world’s rich searching for safe haven investments and a recovery from the global financial crisis………………………………………..Full Article: Source


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