Dubai: Residential property values in the UAE’s two largest cities, Dubai and Abu Dhabi, have expanded at their fastest pace since 2015, according to Knight Frank.

The UAE’s decisive and rapid response to the pandemic has caught the attention of the world’s wealthy who continue to flock to Dubai, snapping up the most expensive homes in locations such as the Palm Jumeirah and Jumeirah Bay. This has played a large part in driving up villa values, according to Knight Frank. Villa prices in Dubai are provisionally up by 5 per cent in Q3 and nearly 17 per cent higher than they were at this time last year.