21.11.2012 - Dubai's property outstrips London's
Villa prices in prime parts of Dubai rose by 19.9 per cent over the first nine months of 2012 - the second-highest rate globally - compared to just 10 per cent in prime areas of central London, according to Knight Frank. The difference was attributed to the recovery in Dubai's property market and tax changes in the UK having made the UAE more attractive for investors. Dubai came 17th place in Knight Frank’s 2011 rankings, having recorded a 0.3 per cent fall in prices. The recovery in the local property market this year saw it shoot up the table to second place with 19.9 per cent price rises..............................................Full Article: Source
Print