Dubai Luxury Home Sales Fall From Record Levels as War Drags On

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Dubai luxury home sales declined about 17% year over year in the third quarter, though wealthy buyers continued purchasing properties. The slowdown came as the Iran war dragged on, with sales easing from record levels, according to Knight Frank.

Wealthy buyers from around the world continued to snap up Dubai luxury homes during the third quarter, according to researcher Knight Frank, although sales volumes declined about 17% from last year as the Iran war dragged on.