Rich South Africans are taking advantage of the property boom in the 4th largest economy in the Middle East.
Rich South Africans are buying up investment properties situated in the United Arab Emirates’ capital city for upwards of R10 million as prices have skyrocketed by over 50% since 2022 alone.
Nombasa Mawela, licensee for Seeff Dubai, added she was overwhelmed by the interest shown by South Africans wanting to invest in this booming property market. Mawela noted that the off-plan developments are particularly well suited to the South African market.
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