Still massive upside
Prime property prices in Dubai are cheaper by 20 to 80% when compared to major cities such as Monaco, Hong Kong, New York, London, Geneva, Paris, Beijing, Tokyo etc. despite a massive increase in rates during the past few years.
$1 million can fetch 105 sqm in Dubai as compared to 17 sqm in Monaco, 21 sqm in Hong Kong, 33 sqm in New York, 34 sqm in London, or 43 sqm in Paris.
