Dubai ranked 4th in the world in terms of the growth in the cost of luxury housing in the first half of 2022

Dubai's real estate market remained stable and ranked fourth in the world in terms of the growth in the cost of luxury housing in the first half of the year, as prices rose by 4.7% compared to an average of 2.4% in 30 cities around the world, as the emirate attracted wealthy individuals and investors after a successful strategy to combat COVID-19 and visa reforms.

Dubai is the only international city in TOP-5 in terms of capital appreciation, while the other four positions were taken by the American cities of Miami, Los Angeles, San Francisco and New York, according to the Savills Prime Residential Index: World Cities.

In an earlier study by Savills, Dubai also ranked third in the world among the best places for business travelers, which was facilitated by an extensive visa program, a favorable climate, excellent transport interchange and a developed luxury housing market.