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Dubai ranks 4th globally for prime residential capital growth

Article-Dubai ranks 4th globally for prime residential capital growth

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Dubai establishes itself as the only non-US city in the top five for prime residential capital growth during the first half of 2022.

Dubai recorded prime real estate growth of 4.7% in the first half of 2022. This is according to the Savills Prime Residential Index: World Cities report. This places Dubai in fourth spot for prime residential capital value growth.

Despite, sitting in fourth spot, this is an impressive position for Dubai to be in. This is because Dubai established itself as the only non-US city in the top five for prime residential capital growth during the first half of 2022.

Miami came out on top with an increase of 12.5% in prime residential capital. Following Miami came Los Angeles and San Francisco. Then, Dubai placed in fourth spot slightly ahead of New York City.

Capital values increased by an average of 2.4% amongst the thirty cities included in the Savills Prime Residential Index: World Cities. So, Dubai’s prime real estate growth is almost double that of the average growth among the 30 cities included in the report.


According to Henley & Partners, the UAE is expected to have 4,000 millionaires migrating to the nation in 2022. This is four times greater than the influx of 1,000 millionaires per year during pre-pandemic times. A key contributor to this increasing influx of high-net-worth people to the UAE is the effectiveness of its Golden Visa Scheme.

The United Arab Emirates Golden Visa Scheme is a long-term residence visa valid for up to 10 years. The Golden Visa provides exclusive benefits to talented foreign individuals to work or study in the UAE. People who are eligible for the Golden Visa include not only investors, entrepreneurs, and scientists. But also included are exceptional students and graduates, humanitarian visionaries, and military veterans.

Earlier on in the year, the Savills Executive Nomad Index also highlighted the favourable value propositions of the UAE’s residential market. The report placed UAE as the third best place in the world for executive nomads to locate to. This is owing to not only the Emirate’s extensive visa programme and excellent global connectivity. But also, its favourable climate, and recognizable prime residential market.

Consistent investments into Dubai’s infrastructure and amenities that the Government of Dubai has made and continues to make also have a key role to play in the growth of the city’s prime residential capital. These continued investments have not only contributed to the strengthening of Dubai’s leisure and tourism offerings.

But also, these investments have led to Dubai gaining and retaining talented personnel and businesses from all around the world. Therefore, competitive demand for both commercial and residential real estate in Dubai has persisted and consequently led to the strong growth rates we observe at present.

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