Dubai’s property market is shifting from homes built to trade towards homes built to live in, according to developers, as speculative buyers retreat and end users come to the fore.
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A $5 million luxury property budget stretches furthest in Dubai, buying 3,500–4,500 sq ft versus 1,800–2,500 sq ft in Miami and just 700–1,000 sq ft in Monaco. Dubai also offers lower ownership costs, while Monaco’s scarcity and Miami’s property taxes significantly increase costs.
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