World s ultra-rich flee to Dubai to escape pandemic; desert sheikhdom s luxury home market soars
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World s ultra-rich flee to Dubai to escape pandemic; desert sheikhdom s luxury home market soarsPTI
Last Updated: May 06, 2021, 05:55 PM IST
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Synopsis
Sales of Dubai s upscale properties, once slow, soared 230 per cent in the first quarter of 2021.
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A record-breaking 90 properties worth 10 million dirhams each (USD 2.7 million) changed hands last month, on top of 84 in March, surpassing heights hit eight years ago, according to real estate consultancy Property Monitor.
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DUBAI: After nearly three decades in London, Christophe Reech was fed up with the city s pandemic lockdowns. This spring, he sold his luxury townhouse and jetted off to the desert sheikhdom of Dubai to start a new life with his family. There was no turning back, he said. The French business magnate s super wealthy foreign friends were doing the same, driving an unprecedented surge in s
2021/05/06 14:07 Luxury towers dominate the skyline in the Marina district, center, and the new Dubai Harbour development, right, are seen from the observation deck of. 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, Tuesday, April 6, 2021. Foreign buyers flush with cash have flooded the high-end property market in Dubai even as coronavirus vaccines roll out unevenly across the world and waves of infections force countries to extend restrictions. It s one of the few places in the world where they can dine, shop and do business in person. (AP Photo/Kamran Jebreili)
Owners Dinesh Chhatwani and Jacqueline Johns have been in real estate sales since 2004 Dinesh Chhatwani and Jacqueline Johns are experts in assisting both local and global clients Image Credit: Supplied
Christie’s International Real Estate is pleased to welcome Premier Estates to the world’s leading network of luxury property specialists. The British-run company has been in operation since 2016 with principals Jacqueline Johns and Dinesh Chhatwani, both of whom have been marketing real estate in Dubai since 2004.
Helena De Forton, director of regional operations for Europe, Middle East, Russia, India and Africa of Christie’s International Real Estate, said: “Dubai is in the midst of a Renaissance for international buyers, due in large part to all the long-standing and more recent legislations put in place. Add to that, the value propositions and the lifestyle the city offers and it is little wonder the market has demonstrated such a dramati
Chinese Nationals Severely Injured Fighting Artisanal Miners amren.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amren.com Daily Mail and Mail on Sunday newspapers.
11 Feb 2021
Local artisanal miners assaulted Chinese nationals operating a gold mine in east Zimbabwe with crowbars and shovels this week, leaving them with serious injuries,
New Zimbabwereported on Thursday.
“One of the Chinese is reported to have sustained broken ribs while the other one lost a finger as he tried to block his face from a shovel attack,” the newspaper revealed, adding that the physical state of two additional Chinese nationals involved in the incident remains unknown.
“The irate artisanal miners, popularly known as Makorokoza, are reported to have used an assortment of mining tools including crowbars, picks and shovels to attack the Chinese nationals,”