E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. INTERNATIONAL

World’s HNIs Set To Spend $4.4 Billion On Dubai Residential Projects

World’s HNIs Set To Spend $4.4 Billion On Dubai Residential Projects

BY Realty Plus
Published - Monday, 27 May, 2024
World’s HNIs Set To Spend $4.4 Billion On Dubai Residential Projects

High-net-worth-individuals (HNWIs) around the world are prepared to spend $4.4 billion on residential real estate in Dubai, says a new report.

According to Knight Frank’s 2024 Destination Dubai report, which surveyed 317 high-net-worth individuals (HNWIs) – 217 globally and 100 GCC-based expat HNWIs, the respondents collectively have a net worth of $5.4 billion and own 1,147 homes worldwide.

“Dubai has taken pole position as the most preferred emirate in the UAE for HNWI’s globally to purchase real estate,” the report noted.

It added that,” Abu Dhabi ranks second overall, while Sharjah has secured third place this year.”

According to Knight Frank, Dubai’s prosperity has been fuelled by its transformation into a global commerce hub over the last 50 years. This, coupled with investments in infrastructure, and a focus on social mobility, has fostered a continuously rising standard of living and exceptional public safety. “Overall, the city’s high-quality infrastructure ranks as the number one factor that makes Dubai an attractive place to acquire real estate, according to the 317 HNWI that we surveyed. Indeed, the UAE’s infrastructure quality was ranked fourth globally in the World Economic Forum’s (WEF/Davos) 2023 competitiveness report published this January,” said Durrani.

Knight Frank pointed out that Dubai’s residential market had evolved over the last two decades to offer ‘destination communities’, each with unique offerings and pull-factors, designed to cater to the city’s international expat community. While many facilities and amenities such as schools, community malls, clinics and sports facilities have become the norm, there has been a rise in demand for homes with access to green space, or parks, it stated.

RELATED STORY VIEW MORE

UAE Rs 23 Lakh Golden Visa Expected to Boost Indian Participation
Climate-Resilient Homes Gain Traction in Global Luxury Property Markets
Portugal Records Highest Price Jump in European Union

TOP STORY VIEW MORE

Ashish Rai Elevated as CEO, Decorative Paints at JSW Paints

Ashish will lead the entire decorative paints business with full P&L responsibility, marking a significant step up from his previous position as Chief Business Officer.

07 July, 2025

Dwarka Expressway: Shaping India’s New Luxury Hub

07 July, 2025

Luxury Homes Set to Surge, Developers Increase Project Launches

07 July, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website