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Dubai luxury home market soars as world's rich flee pandemic


Dubai luxury home market soars as world s rich flee pandemic
ISABEL DEBRE, Associated Press
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1of5Luxury 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.Kamran Jebreili/APShow MoreShow Less ....

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World's ultra-rich flee to Dubai to escape pandemic; desert sheikhdom's luxury home market soars


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, dr ....

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Dubai luxury home market soars as world's rich flee pandemic | Taiwan News


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) ....

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Decision on proposed Crab Creek Road storage facility pushed to June 30


Decision on proposed Crab Creek Road storage facility pushed to June 30
Discussions regarding a nearly 126,000-square-foot proposed storage warehouse on Crab Creek Road have been pushed to June 30 following a continuance granted Wednesday by the Henderson County Zoning Board of Adjustment.
With the matter on Wednesday’s agenda, a crowd including concerned property owners filled the inside and outside of the King Street meeting room in Hendersonville. An attorney for nearby property owners asked the board for a continuance and to hold future meetings at a larger venue.
He said his clients needed more time to consult with experts such as traffic engineers, stormwater experts and an appraiser. ....

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