Savills is seeing about 250 inquiries a month on Dubai property from Hong Kong this year, as much as what it used to receive in a year, Elliott added.
The sizzling demand for residential property in Dubai is reflected in its surging home prices, which soared 70 per cent last year, according to Andrew Cummings, head of Middle East residential property at Savills. The consultancy forecasts a 7 per cent growth this year.
Dubai’s luxury homes are becoming increasingly…
