2023-12-09 22:48:18
INVESTIGATION – Buyers from all over the world are investing in it with a view to making incredible gains in a short time, particularly in super luxury goods. An outburst that is not without risk.
Special envoy to Dubai
With her hand on the wheel of her black Range Rover, Khadija el Otmani takes Cheikh Zayed Road like every day, the giant highway that crisscrosses the emirate from North to South among skyscrapers. This real estate agent specializes in super luxury in Dubai, with incredible capital gains to boot. Its buyers? Footballers, financiers or property dealers, capable of putting several million euros on the table on new off-plan real estate programs which they resell before they are even completed. “I have made several clients multi-millionaires”, she assures, indifferent to the traffic jams which regularly paralyze this artery of two times eight lanes.
Also read: “We have our eyes fixed on the bank account”: in Dubai, the great disillusionment of French expatriates
The announced gains are enough to turn heads. Nearly 1.8 million euros in 24 months (+170%) for an architect-designed villa in Dubai Hills, a private complex outside the city. More than 8.8 million euros in 4 months (+36%) for an entire building purchased…
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