Investing
Dubai’s 56% Property Surge Collides With Ghosts of 2009 Crash
The emirate saw the world’s biggest climb in prime property prices in 2021, but several stalled projects still linger over its skyline.
A Canadian firm has created a rendering of what a giant resort recreating the moon, if built on the site of the stalled Dubai Pearl project, could look like.
Source: MOON World Resorts
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On Dubai’s luxury Palm Jumeirah island, a 10-bedroom mansion sold for a record $76 million in April. Demand for villas is soaring and a futuristic building is being constructed nearby with a 90-meter-high infinity pool and a giant tank of jellyfish.