Dubai: For the rich seeking better than average returns on assets, Dubai’s upscale residential market still has got what it takes. According to the latest Knight Frank survey on cities with the highest rental gains in the 12 months to September last, Dubai was comfortably placed at the top with a 12.4 per cent increase, and ahead of second-placed Tokyo which had a 9.8 per cent gain.
Dubai’s ranking came about despite the fact that rental averages for premium properties remained flat between June to September. It is the second time in as many years that the city has retained the top spot. In Knight Frank’s analysis, ‘prime property’ corresponds to the top 5 per cent of the housing market in each city.See more