How Many Square Meters Of Luxury Real Estate In Dubai Property Do You Get For One Million US Dollars?

Luxury real estate in Dubai prices continue to be competitive and had already trumped Hong Kong, UK and Singapore as a global property hotspot this year. Edging out Singapore and London in the worldwide real estate industry and market made Dubai as the second top prime property destination in the world. Maintaining its second place leaves it only behind the United States (Los Angeles, Miami, New York and San Francisco). How did Dubai able to beat out the rest of the competition and continue to secure its position as the second hottest market for global residential property investors? It all boils down to attractive and better property value compared to other locations. Dubai’s reputation as an international center of global business and leisure hub are two key reasons why property investors are attracted by its long-term prospect.

Global Residential Property Comparison

Philip Caraiscos, CEO of Zawaya Property, pointed out the prime market to which prices of Dubai luxury houses are 60% less expensive than New York City, 75% below London prices, and 85% lower than Hong Kong. He proceeded with an example that a five-bedroom home inclusive of a pool can be had in Dubai for $1.5 million US dollars. That very same price equates only to a two-bedroom apartment in New York, Hong Kong or London. With that value, you can get more worth of property purchased in Dubai. For a $1 million property investment you can definitely get a much bigger area compared to the 46 square meters of property in Shanghai, China, 43 square meters in Moscow, Russia, 42 square meters in Paris, France, 41 square meters in Sydney, Australia, 40 square meters in New York City, USA, 35 square meters in Geneva, Switzerland, 33 square meters in Republic of Singapore, 25 square meters in London, UK, 20 square meters in Hong Kong, China and the 15 square meters in Southern France, Principality of Monaco. 

What do you get for $1 million US Dollars’ Worth of Property in Dubai?

Luxury real estate houses in Dubai gives you so much more – 150 square meters of property space! Now you can see why real estate property investments made in Dubai is that attractive. You get more worth and value to one of the world’s top prime business and tourists destinations. Dubai is offering outstanding opportunities for local and international property investors that assuredly promises high returns on investments. It is also one of the safest cities in the world today and wins the value-to-value comparison that will only increase leading to Dubai Expo 2020.

Take a moment to learn more about Dubai’s top real estate company known for its integrity and history of experience. Please visit Zawaya Property and be one of its established, professional partners.

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