With many wealthy homeowners considering a move abroad, Bardia Eshghi of Grand Lux Properties in Dubai shares his thoughts on how the city's luxury property market is changing, and what buyers need to know:
Strategic investment
"Dubai's evolution into a global wealth hub means capital preservation and long-term appreciation are now the key drivers, resulting in investors becoming...
New research by Rathbones Group shows buy to lets and holiday homes in tourist hotspots have been particularly vulnerable, with rising borrowing costs and weaker capital gains undermining their long-term investment case.
The average annual increase in house prices between 2016 and 2024 is around half the 7%+ yearly average recorded between 1995 and 2016:
