Bbabo NET

Economics & Business News

Dubai pips London, Miami in second home purchases

Dubai has got the most popular city rank for second home purchases amongst global High-net-worth individuals (HNWIs), who accounted for 75 per cent of sales in 2014, according to the latest study by real estate arm of auction house Christie’s.

Dubai left behind London (44 per cent) and Miami (40 per cent) for international second home purchases. The report stated more properties than ever before were both sold and listed for sale at $100 million or higher in 2014.

Dubai pips London, Miami in second home purchases