Dubai last year set a record for selling homes valued at more than $10 million as demand for luxury homes remained strong amid an influx of global wealthy to the emirate.
The total sale of homes valued at more than $10 million reached 500 last year, up 15 per cent year-on-year in terms of volume and about 28 per cent in values to $9.05 billion, according to the latest report from Knight Frank.
Of the total sales, 68 properties were valued at more than $25 million, with numbers within that segment up nearly 48 per cent annually.
There is a “huge appetite among regional and global high-net-worth individuals (HNWI) t
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