"When you put Dubai on the global stage, and you're looking at relative affordability and affordable luxury, it's still reasonably priced compared to elsewhere in the world," Faisal Durrani, Knight Frank's head of research for the Middle East and North Africa, told BI.
"Branding and scarcity are two of the most critical factors in determining real estate prices in Dubai," a B1 Properties representative told BI. They said this property has both as it’s under the Bulgari Hotel and Resort umbrella and one of only seven villas on the coastline.
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