top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economy

4 Jan 2022

Buying a Home in the World’s Tallest Building Just Got More Expensive as Real Estate Prices Surge in Dubai

The Index Today

Following a market rebound last year in the wake of the pandemic, prices at the Burj Khalifa have soared significantly.

According to a Knight Frank LLP Property Consultant, owning a home in the world’s tallest tower has grown more expensive, specifically by a whopping 23% while real estate prices for the rest of Dubai rose by 8%.

Commerce in Dubai has relatively bounced back thanks to the Expo 2020, following pandemic-induced market slumps and bearish trends. According to Faisal Durrani, Knight Frank’s Head of Middle East Research, the year 2021 has been all about “the exponential rebounding of Dubai’s luxury residential market.” He contends that with a price rate of approximately AED 2,100 per square foot, “the Burj Khalifa falls squarely into this category.”

Knight Frank has revealed that despite the real estate surge, buyers have not been deterred from purchasing properties at some of Dubai’s plush, upmarket areas, spurred by the high levels of safety and the undeniably high quality of life in the city.

Clay pottery with table linens
bottom of page