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“Dubai once again leads the ranking of quarterly sales, a position it has held since Q4
2022. London follows in second position, with Hong Kong sitting in third place,” Knight
Frank said in its study.
The super-prime market is driven more than most by new-build completions. “Strong
sales volumes in 2021 were flattered to an extent by delayed completions in 2020. As
we move into 2024, the tailwind from new build sales will weaken as the lower volume
of new projects starts through the pandemic begins to be felt.”
The volume of super-prime homes sold in Dubai, priced at over $10 million, totalled
$1.59 billion during Q3, according to Knight Frank's finding.
PNC Menon, Chairman & Founder of Sobha Realty.— Supplied photo
https://www.khaleejtimes.com/business/dubai-bucks-global-dip-in-super-prime-house-sales-tops-
ranking
