Property market in Dubai sees buying frenzy

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Lockdown dodgers and wealthy foreign investors are driving a property buying frenzy in Dubai that's breaking records and fuelling an economic recovery

Luxury towers dominate the skyline in the Marina district, center, and the new Dubai Harbour development, right, are seen from the observation deck of"The View at The Palm Jumeirah" in Dubai, United Arab Emirates on April 6, 2021.

Luxury villas are the hottest segment in the market, with European buyers in particular seeking homes on Dubai's signature Palm Jumeirah man-made island, as well as golf course estates. "Then straight after that lockdown period we started to see transaction volumes increase, and they really haven't stopped since," he told AFP.The Gulf emirate became one of the first destinations to reopen to visitors last July, pairing the open-door policy with strict rules on masking and social distancing, and an energetic vaccination program which has produced some of the highest inoculation rates globally.

 

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Bad choice with israeli uae military alliance..gulf country will be embroiled in wars every where driving down the prices...and it's economy

tragedy /ˈtradʒɪdi/  noun plural noun: tragedies an event causing great suffering, destruction, and distress, such as a serious accident, crime, or natural catastrophe. eg : a preventable “tragedy” that killed 127,000 people in the UK

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