Dubai property booms as buyers escape lockdowns

By Agence France-Presse

May 31, 2021 12:53 am

DUBAI: Dubai's property market is powering out of a six-year malaise as 'lockdown dodgers' and wealthy international investors drive a buying frenzy that is breaking records and fuelling an economic recovery.

Luxury villas are the hottest segment in the market, with European buyers, in particular, seeking homes on Dubai's signature Palm Jumeirah man-made island, as well as golf course estates.

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