Villa prices in Dubai have risen a hefty 19.9 per cent in the past year.
That's according to new figures released in real estate firm Knight Frank's Prime Global Cities Index for the third quarter of 2012.
Dubai was among five places that recorded double-digit price growth from September, 2011 to September, 2012.
The others were the Indonesian capital Jakarta, the Kenyan capital Nairobi, Miami and London. Dubai was the second best performing market of the 26 cities tracked - behind Jakarta.
"Cities such as Dubai, Miami, Nairobi and London are increasingly considered investment hubs for high net worth individuals (HNWIs) in their wider regions," the Knight Frank report started.
"In the wake of the Arab Spring, Dubai has been seen as a relative safe haven for MENA buyers."
James Price of the firm's residential development team added:"Aside from London, it would appear the other strong performers are established international markets that experienced a lull but are now 'kicking on' again - such as Dubai."
© 7Days 2012
