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Dubai ranked as third on How many square meters of prime property US$1m buys in prime cities based on Knight Frank Wealth Report 2020, which means for a USD 1 Million, you can buy approximately 155 square meter of primer property compared to 16.4 in Monaco, 30.4 in London, 32.2 in New York and 115.1 sqm in Istanbul.
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Dubai is among the only four cities along with Singapore, Boston, and Milan worldwide where the property prices are fair-valued, according to UBS in its Global Real Estate Bubble Index 2019.
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According to Global Real Estate Bubble Index 2019 by UBS, it will take approximately 5 years for a skilled worker with an average annual income to acquire a 650 sq. ft. apartment in the city center. The price-to-income range is much lower compared to 15 years in Paris and 11 years in New York.