Why is Dubai's property market attracting overseas investors, especially Indians, and what are the current trends?

Dubai's property market has become a top choice for overseas investors, particularly high net worth individuals (HNIs) from India, due to its low taxes, high returns, safety, and status as an international transit hub. Since 2021, the market has shown consistent growth, with a 47% drop in the number of homes for sale in prime areas during the first half of 2024, driving up prices by 7%. Despite rising prices, Dubai remains one of the most affordable luxury real estate markets globally, with $1 million offering about 980 square feet of prime residential space, a significant advantage over cities like New York, London, and Monaco.

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