"Knight Frank has revised its annual list of the fastest rising global real estate prices and Dubai now sits at seventh position with a 17 per cent annual gain followed by Abu Dhabi with 15 per cent (see below).
However such huge leaps in price are not generally sustainable in property markets. Three-year cycles are typical with the best price moves in the second year. Dubai is now in its third year of recovery and Abu Dhabi its second, so you might expect a slowdown in the latter and accleration in the UAE capital.
Table toppers
Jakarta and Auckland topped the league table as wealthy property investors’ favoured go-to destination, with year-on-year gains of 37.7 per cent and 28.8 per cent respectively. Bali, another Indonesian destination was third, and then followed Christchurch, Dublin and Beijing.
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