Dubai Property Growing Fastest in World
Dubai remains the hottest property market in the world with prices rising at the fastest pace this year amongst the 41 global cities compared by UK-based Global Property Guide. The organisation, which collates real estate data from across the world, revealed price jumped 6.48 per cent in third quarter compared to second quarter, while year-on-year increase was 21.37 per cent.
“The world housing markets recorded their strongest performance since the boom years of 2006/7. House prices are rising in many more countries than not, and the momentum trend is strongly upwards,” the organization said.