Dubai offers ‘exceptionally good value’ for luxury properties

Dubai offers good value for high-end consumers among global cities, particularly if they are looking to purchase luxury property, according to a new study from Swiss bank Julius Baer. The emirate ranked 17th overall out of 28 cities in the bank’s inaugural Global Wealth and Lifestyle Report 2020, which tracked the price trends of 20 luxury goods and services. Dubai ranked 23rd within the luxury property segment. “Luxury property, previously good value, is now exceptionally good value, as high levels of supply have seen prices fall consistently, by over a fifth in the past five years,” the report said. Other cities with cheaper average high-end...