How long can property booms in Dubai and Riyadh last?
Two red-hot markets in the Gulf may soon begin to cool
IT IS a villa fit for a Bond villain. Sited in Emirates Hills, an opulent Dubai neighbourhood popular with politicians and billionaires, the mansion’s interior is lined with 700,000 sheets of gold leaf. It sports a 24-carat gold jacuzzi, a 16-car garage and a coral-reef aquarium in the dining room. The asking price, when it was listed in June, was 750m dirhams ($204m).
This article appeared in the Middle East & Africa section of the print edition under the headline “Zeal estate”
From the August 19th 2023 edition
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