World’s ultra-rich to spend $4.4b to buy property in Dubai

Dubai’s property market is booming, especially for luxury homes. Wealthy people are flocking to Dubai to invest in property, with some planning to spend millions on a single purchase. Dubai’s government initiatives and economic growth are attracting high-net-worth individuals to the emirate. This trend is expected to continue as more and more wealthy people look to diversify their portfolios and establish a second home in Dubai.